Shania bought a $1,972 drum set on the installment plan.The installment agreement included a 20% down payment and 36 monthly payments of $52.04 each.What is the finance charge?

Installment Plan

A method of payment of a purchase or services over a period of time.

Finance Charge

A fee representing the cost of credit or the cost of borrowing, including interest and other associated expenses.

Down Payment

An upfront payment made when purchasing an item or property, typically a percentage of the total purchase price, signifying the buyer's commitment.