Problem of musharakah mutanaqisah partnership

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Reference no: EM133003136

The following information related to the problem of Musharakah Mutanaqisah Partnership (MMP)

Price of House = RM200,000

Rent = RM1,000 per month

Down payment = 20%

Duration = 20 years

By using the formulas derived Meera and Abdul Razak (2005) for Musharakah Mutanaqisah Partnership (MMP), compute:

a. Rental rate

b. Additional amount that the customer pays per month

c. Monthly installments

Reference no: EM133003136

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