The API Fund currently has assets under management of $450 million. If the company uses a 2/20 fee structure, what is the yearly management fee?
A)$140,000
B)$1,400,000
C)$1,440,000
D)$14,000,000
E)$14,400,000

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The Answer of The API Fund currently has assets under management of $450 million. If the company uses a 2/20 fee structure, what is the yearly management fee?
A)$140,000
B)$1,400,000
C)$1,440,000
D)$14,000,000
E)$14,400,000

The API Fund Currently Has Assets Under Management of $450