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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 $ per month for a car. He has $ saved up for a down payment. His bank is offering amortized car loans for compounded monthly.
If he takes out a 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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