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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 QR cash including all costs to sell it to DMC with the following conditions:
DMC pays down payment hamish jiddiya from the total cost
The profit rate of the Islamic Bank is annually.
DMC pays the Islamic Bank using equal monthly installments over years.
Find the following:
The annuity Factory No rounding, digits after comma
The monthly installment payment
The Murabaha Price
The Islamic Banks Profit
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