Homework on Diminishing Musharaka Deadline March 21-, 2021 on Blackboard Sara purchased an apartment using the diminishing Musharaka method of financing from Q Islamic Bank. Q Islamic Bank requires 20% down payment from Sara. You have the following information on the transaction: The value of the apartment is USD 500 000. The repayment period (duration of the Musharaka) is 10 years. Each year Sara will pay a rent on the apartment share owned by the bank. Each year Sara buys a share from the bank's principal amount financed. The market rental value for the entire apartment is estimated at US30,000 per year. Repayment is annual Fill the table below to answer the following questions (submit on blackboard the answers). 1. Sara's share of the apartment (ownership amount) 2. Bank's share of the apartment ownership amount) 3. Bank's share of the apartment in the 5 year (ownership amount) 4. Annual repayment of the principal amount financed to bank on the 6 year 5. Rent payment to bank on the 7 year 6. Total Payment to the bank on the 3 year 7. Total Bank's profit Rent payment to repayment of the bank principalment financed te bank Bank Payment to Ownership 09) Client Ownership (%) Start of the SON 20% 74000 10000 28% 1 2 3 4 $ 6 7 R . 10 Total