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Can you simply tell me how did you calculate 4 Mio Fee 41K?? If we will do percentage of 4 Mio *1.025% then it returns us 41K.
Can you simply tell me how did you calculate 4 Mio Fee 41K?? If we will do percentage of 4 Mio *1.025% then it returns us 41K.
Last edited by shukla.ankur281190; 09-01-2015 at 06:38 AM.
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Take a look at John McGimpsey's site, here:
http://www.mcgimpsey.com/excel/variablerate.html
Hope this helps.
Pete
Hi Shukla
The rates are tiered. The first mio is charged at 1.25%, the next 2mio is charged at 1% and the next 1mio is charged at 0.85%. Total fee is 41k.
Thanks
Nick
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