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Example: Given below is the information on the purchase of assets under the DM scheme: Cost of trucks X share Islamic Bank share $1,000,000 $400,000
Example: Given below is the information on the purchase of assets under the DM scheme: Cost of trucks X share Islamic Bank share $1,000,000 $400,000 or 40% of cost of truck $600,000 or 60% of total cost 20% compounded half yearly 2 years of 4 half yearly payments 4 Rental income Tenor Units Required: Calculate the bi-annual installment amount to be paid to the Islamic Bank
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