asked 15.2k views
3 votes
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. _______________

The total finance charge. __________________

1 Answer

5 votes

monthly payments of $429, puts down $1200, total payments $8922 just save and buy the boat for $8000

answered
User Toshiomagic
by
8.5k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.