(Q3-A) Salman wants to save money for his child's university expenses. He deposits $1000 at the beginning...

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(Q3-A) Salman wants to save money for his child's university expenses. He deposits $1000 at the

beginning of each year, for 20 years, at an interest rate of 6%. How much is available for his

child when child will start university. 10 Marks

(Q3-B) Ahmed deposit money today in account that pays 6.5% annual interest, how long will it

take to double his money? Explain Difference between Mudarba and Musharka based on Islamic

Finance.

Posted Date: May 18, 2024 06:10 PM

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(Q3-A) Salman wants to save money for his child's university expenses. He deposits $1000 at the beginning...

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