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BCD Fund Ltd(Fund) was launched on 09/01/2020 and has two types of investors in the Fund, Class 2020 investors who pay management fees at 2%

BCD Fund Ltd("Fund") was launched on 09/01/2020 and has two types of investors in the Fund, Class 2020 investors who pay management fees at 2% of commitment per annum and the new class 2021 where investors will be paying 3% of commitment per annum. For the year ended 12/31/2021, the capital commitment for class 2020 was $15m and $25m for class2021. Assuming the class 2021 investors came into the Fund on the 3/1/2021 and the class 2020 investors joined on launch at 9/1/2020, please calculate the total amount of management fees tobe charged by to the fund for the year ended 2020 and 2021. 

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