Question
Murphy family chose a white colour 2021 Nissan Armada as their next car. The financing cost is $68,500. Al Baraka Islamic Bank is offering
Murphy family chose a white colour 2021 Nissan Armada as their next car. The financing cost is $68,500. Al Baraka Islamic Bank is offering a contract with 8% financing rate for 6 years. The contract gives you the chance to purchase the car at the end of this term with a new contract. What is the bank's profit?
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