Jim wants to purchase a used boat. the price is $8,000 cash or $1,200 down and 18 monthly payments of $429.00. jim decided to finance the boat. calculate the amount he will finance, the total amount of this monthly payments and the total finance charge. show your work

The price for the boat is $8000 if paid in cash.

Jim chose to finance the purchase.
Money down = $1200, therefore
The amount financed = $8000 - $1200 = $6800

There are 18 monthly payments of $429, therefore
Total monthly payments  = 18*$429 = $7722

Total finance charge = $7722 - $6800 = $922

Answers:
Amount financed  = $6,800
Total monthly payments = $7,711
Total finance charge = $922

Geometric pattern of 2 i’m guessing. not really sure about what you’re asking but i hope this !