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A pottery factory purchases a continuous belt conveyor kiln for $50,000. A 6.6% APR loan with monthly payments is taken out to purchase the kiln.

A pottery factory purchases a continuous belt conveyor kiln for $50,000. A 6.6% APR loan with monthly payments is taken out to purchase the kiln. If the monthly payments are $438.31, over what term is this loan being paid? A. 14 years B. 13 years C. 15 years D. 16 years

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