Ali is interested in acquiring an apartment which is currently priced at BD400,000. Ali has a balance in his saving account of 30% of the current price of the apartment, so he sought a financing arrangement from a local Islamic bank (18) that offered a Diminishing Musshrakah transactional structure for this arrangement. The IB agreed to extend the financing need by Ali with the following terms and conditions: Apartment cost: BD 400,000 All Own's source: 30% Tenor: 70 months Number of Units of the IB's ownership in the apartment: 70 Cost per unit: BD4,000 Monthly Rent of the apartment: 1% All agreed to buy one unit from the bank each month. Calculate the annual rent due to the bank during the second month. You should write your answer like BDx...X.Xox