When thinking about purchasing a car, Tarek came up with the following estimates. First, hes confident that he can dedicate a total of $410 per month in cash flow for the purchase and maintenance of a car. Tarek also estimated the following monthly expenses: gas $55, insurance $70, maintenance $25, and repairs $10 (assuming he buys a new car). Based on these estimates, how much can Tarek spend each month on a loan payment, assuming a 4-year, 6% annual APR loan?

Tarek can spend $___________ each month on a loan payment. Based on this dollar amount, he can afford a loan of approximately $___________.