SOLUTION: I have a monthly payment to my HOA of $449.00. Of the HOA my percentage of ownership in the entire condominium complex is .194%. What is the total amount of fees collected by the

Question 117948: I have a monthly payment to my HOA of $449.00. Of the HOA my percentage of ownership in the entire condominium complex is .194%. What is the total amount of fees collected by the HOA for a month.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
I have a monthly payment to my HOA of $449.00. Of the HOA my percentage of ownership in the entire condominium complex is .194%. What is the total amount of fees collected by the HOA for a month.
---------------
Let total amount of fees be "x".
--------
EQUATION:
0.00194x = 449
x = 449/0.00194
x = $231,443.30
Cheers,
Stan H.
RELATED QUESTIONS
I need to reapportion the percentage ownership of a property. Owners holding 32%... (answered by ankor@dixie-net.com)

You have decided you may want to join your Home Owner's Association (HOA) Governing... (answered by stanbon)

Olivia plans to secure a 5-year balloon mortgage of $210,000 toward the purchase of a... (answered by math_tutor2020)

Michael Sanchez purchased a condominium for $73,000. He made a 20% down payment and... (answered by Theo)

if a company ownership is divided in the ratio of 3:2:1 what is the percentage of each... (answered by solver91311)

On my current mortgage, I still owe $220,000. the interest rate is 5.4 compounded... (answered by ankor@dixie-net.com)

Engr. Sajise wants to buy a condominium that costs 20Million. She wants to pay it at the... (answered by Theo)

The average home owners insurance in Las Vegas is $1049 per year. What is your total... (answered by CPhill,ikleyn)

I need to know what is 35% of $3,000I need to know what is 35% of $3,000. per month My... (answered by Alan3354)