You want to buy a new car, but you can make on initial payment of only $1,200 and can afford monthly payments of ot most $850. a. If the APR on auto loans is 12% and you finance the purchase over 48 months, what is the maximum price you can pay foc the car? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. How much can you afford if you finance the purchase over 60 months? Note: Do not round intermediate calculations. Round your answer to 2 decimal places