Question: Fast answer please Just need option No need explain I will rate you Question 19 Not yet answered Marked out of 2.00 Flag question Ali

Fast answer please

Just need option

No need explain

I will rate you

 Fast answer please Just need option No need explain I will
rate you Question 19 Not yet answered Marked out of 2.00 Flag

Question 19 Not yet answered Marked out of 2.00 Flag question Ali wants to buy a house worth 40000 OMR. Ali goes to Sohar Bank (an Islamic bank) for the house and puts down 25% of the price as a down payment. Sohar Bank provides the other 75% of the price. Rental value for the house is 200 OMR per month Based on the rental value and the financing period, Sohar Bank determined fixed monthly payments as1000, which Ali would have to make to own the house. How much is the 2nd month's rent payment and extra payment for ownership? Select one: O a. rent 150.00 extra pay, for ownership 850.00 O. rent 1,000 extra pay, for ownership 850.00 OC. rent 466.53 extra pay, for ownership 2,033.47 O d. rent 145.75 extra pay, for ownership 854.25 Question 21 Not yet answered Marked out of 2.00 P Flag question Al Maha Company is going to buy a new machine. Cost of machine is 222000 OMR. Al Maha goes to Sohar Islamic Bank (SIB) for the machine. They make a "Murabaha" contract. Profit rate for contract is 5% per year and contract is for 5 years. Al Maha will make payments monthly. What is MONTHLY PAYMENT in this MURABAHA? Select one: O a. 2775.0 OMR Ob. 55500.0 OMR O c. 23125.0 OMR O d. 4625.0 OMR

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!