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You are interested in executing a Murabaha contract to meet your business needs. The financing amount is AED. 14 million. The bank accepted your offer
You are interested in executing a Murabaha contract to meet your business needs. The financing amount is AED. 14 million. The bank accepted your offer of a profit rate of 1% per annum. The tenor of the contract is one year and the entire price will be paid at the end of one year. What will be the price of the Murabaha contract? Please write detailed steps for calculations
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
