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Assume that you purchased a house through Diminishing Musharakah. The cost of the house is assumed to be Rupees 10 million. You invested 20% while

Assume that you purchased a house through Diminishing Musharakah. The cost of the house is assumed to be Rupees 10 million. You invested 20% while the remaining 80% has been financed by Islamic Bank. The applicable rate is 12 percent per annum. The house is divided into 10 units, and it is agreed that you will purchase 1 unit each month. What are going to be the first 3 monthly payments? What is the break-up of each

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