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Question
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
Answer
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