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A dairy manufacturing company ( DMC ) sought to finance machines from an Islamic Bank using a Murabaha for Purchase Orderer. Through the operation, the

A dairy manufacturing company (DMC) sought to finance machines from an Islamic Bank using a Murabaha for Purchase Orderer. Through the operation, the Islamic Bank bought the machines for 8000000 QR cash (including all costs) to sell it to DMC with the following conditions:
DMC pays 10% down payment (hamish jiddiya) from the total cost
The profit rate of the Islamic Bank is 5% annually.
DMC pays the Islamic Bank using equal monthly installments over 8 years.
Find the following:
The annuity Factory (No rounding, 5 digits after comma)
The monthly installment payment
The Murabaha Price
The Islamic Banks Profit

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