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A pottery factory purchases a continuous belt conveyor kiln for $63,000. A 8.6% APR loan with monthly payments is taken out to purchase the kiln.
A pottery factory purchases a continuous belt conveyor kiln for $63,000. A 8.6% APR loan with monthly payments is taken out to purchase the kiln. If the monthly payments are $624.10, over what term is this loan being paid? dhy OA. 15 years OB. 16 years OC. 13 years OD. 14 years www
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