A pottery factory purchases a continuous belt conveyor kiln for $46,000. A 7% APR loan with monthly payments is taken out to purchase the kiln. If the monthly payments are $449.90, over what term is this loan being paid? OA. 14 years B. 12 years O C. 11 years OD. 13 years

A pottery factory purchases a continuous belt conveyor kin for $46,000. A 7% APR loan with monthly payments is taken out to purchase the kiln. If the monthly payments are $449.90, over what term is this loan being paid? A. 14 years B. 12 years C. 11 years D. 13 years