Question
You are borrowing money to buy a car. If you can make payments of $260 per month starting one month from now at an interest
You are borrowing money to buy a car. If you can make payments of $260 per month starting one month from now at an interest rate of 99?%, how much will you be able to borrow for the car today if you finance the amount over 4 years?
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Management Of Islamic Finance
Authors: M. Kabir Hassan, Mamunur Rashid
1st Edition
1787564045, 978-1787564046
