Air is interested in acquiring an apartment which is currently priced at BD400.000. Ali has a balance in his saving account of 30 s of the current price of the apartment, so he sought a financing arrangement from a local islamic bank (iB) that offered a Diminishing Musshrakah transactional structure for this arrangement. The i8 agreed to extend the financing need by Ail with the following terms and conditions: Apartment cost: BD 400.000 Ali Own's source: 30% Tenor: 70 months Number of Units of the IB's ownership in the apartment: 70 Cost per unit: BD4.000 Monthly Rent of the apartment: 2% Ali agreed to buy one unit from the bank each month. Calculate the annual rent due to the bank during the third month. You should write your answer like BDx. x×0x

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