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Al Maha Company is going to buy a new machine. Cost of machine is 74000 OMR. Al Maha goes to Sohar Islamic Bank (SIB) for

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Al Maha Company is going to buy a new machine. Cost of machine is 74000 OMR. Al Maha goes to Sohar Islamic Bank (SIB) for the machine. They make a "Murabaha" contract. Profit rate for contract is 14% per year and contract is for 5 years. Al Maha will make payments monthly What is CONTRACT PRICE in this MURABAHA? Select one: a. 51800 OMR b. 22200 OMR C. 34780 OMR d. 125800 OMR

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