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You want to buy a new car, but you can make an initial payment of only $ 3 , 0 0 0 and can afford

You want to buy a new car, but you can make an initial payment of only $3,000 and can afford monthly payments of at most $650.
If the APR on auto loans is 12% and you finance the purchase over 48 months, what is the maximum price you can pay for the car?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
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.

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