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You graduate from Tufts and get a job working in Texas where you will need a car to commute to work. You have $ 1

You graduate from Tufts and get a job working in Texas where you will need a car to commute to work. You have $10,000 of savings allocated to transportation that you can use to buy the car, but you do not believe you can get a reliable car for $10,000.,
Your budget permits you to spend $350 per month and the bank is offering five-year auto loans with a 5.5% annual rate. Assuming you take the maximum loan and are willing spend all of your $10,000, what is the highest price you can pay for a car?

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