Gary is negotiating with a car dealer to buy a $60,000 car. They agree to this deal: Gary will make a down payment today and then make monthly payments at the end of each month for 4 years. The annual effective interest rate offered by the car dealer is 3%. Gary's monthly payments will be $650 per month. (a) Calculate the required down payment amount. (b) Gary tells the car dealer that he can only afford to make a down payment of $25,000. The car dealer makes Gary a new offer: make a down payment of $25,000 today and then make payments of $650 at the end of each month for 5 years. The car dealer claims this deal is better than the previous one. Is the car dealer's claim correct