Given the following fee structure,what is the total amount of fees that would be paid to a fund manager if the actual NOI was $45 million annually: 5.5% up to $20 million in annual NOI
5.0% for the next $35 million in annual NOI
4.5% for the next $45 million in annual NOI
4.0% for all over $45 million in annual NOI

Question

Quizplus · Accepted Answer

5.5% of $20 million = $1.1 million5.0% of $35 million = $1.75 million4.5% of $45 million = $2.025 million4.0% of $0 million = $0Total fees = $1.1 million + $1.75 million + $2.025 million + $0 = $4.875 million

Given the Following Fee Structure,what Is the Total Amount of Fees