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

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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(48558) About Me  (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.
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Let total amount of fees be "x".
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EQUATION:
0.00194x = 449
x = 449/0.00194
x = $231,443.30
Cheers,
Stan H.