You want to buy a new car, but you can make an initial payment of only $1,600 and can afford monthly payments of at most $750. 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 for the car? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Maximum price 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