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

question 5

Multiple Choice

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

• A)$2.3 million
• B)$1.1 million
• C)$2.0 million
• D)$1.8 million

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