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A pottery factory purchases a continuous belt conveyor kiln for $ 5 1 , 0 0 0 . A 8 . 1 % APR loan

A pottery factory purchases a continuous belt conveyor kiln for $51,000. A 8.1% APR loan with monthly payments is
taken out to purchase the kiln. If the monthly payments are $529.72, over what term is this loan being paid?
A.13 years
B.12 years
C.14 years
D.11 years
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