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can someone answer this question? Sharifah wishes to purchase a house priced at RM700,000 and she is willing to pay 5 percent of the price
can someone answer this question?
Sharifah wishes to purchase a house priced at RM700,000 and she is willing to pay 5 percent of the price as part of her capital. She is also willing to opt for the leasing. The Islamic bank agrees to fund the 95 percent, and the current prevailing rent for similar houses in the locality is RM3,000. Sharifah wants to buy back capital portion of the bank in 30 years. Compute the followings: Annual Rate of Return Monthly Periodic Capital Payment (PCP) Customer's Present Investment for the first monthStep by Step Solution
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