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Miguel can afford to pay $ 1 5 0 . 0 0 per month for a car. He has $ 6 , 0 0 0

Miguel can afford to pay $150.00 per month for a car. He has $6,000.00 saved up for a down payment. His bank is offering amortized car loans for 1.625% compounded monthly.
If he takes out a 4-year loan, what is the price of the most expensive car he can afford?
How much will the car cost him in total?

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