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I have to perform a tiered fee calculation as follows:
$0 - $1,000,000,000 = 0.535% (Cell K1) $1,000,000,001 - $2,000,000,000 = 0.485% (Cell K2) $2,000,000,001 - $3,000,000,000 = 0.435% (Cell K3) Over 3,000,000,001 = 0.385% (Cell K4) Net Assets = 2,000,452,222 (Cell C1) The fee will be charged in each designation. How can I write in a single cell how to calculate the fee based on the table above? Is it an IF statement nested? |
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