Solution for QID #115528: I need help with below question. - Management fees wi | StudyHelpMe

I need help with below question.   - Management fees will be paid quarterly, at 2% (annual) of the total limited partner commitment amount,    and will be assesed pro-rata - Management fees will be offset by any placement fees paid, until the entire placement fee is offset. - Mitch, Brian, and Inna paid placement fees of 2% of their commitment. - Please calculate the management fee for both Q1 and Q2     LP Commitment Daisy  $       100,000  Mitch  $       250,000  Brian  $       100,000  Inna  $       500,000  JB  $       200,000  Derek  $       300,000  General Partner  $         25,000  Total  $   1,475,000