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A pottery factory purchases a continuous belt conveyor kiln for $61,000. A 8.7% APR loan with monthly payments is taken out to purchase the kiln.

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A pottery factory purchases a continuous belt conveyor kiln for $61,000. A 8.7% APR loan with monthly payments is taken out to purchase the kiln. If the monthly payments are $607.86, over what term is this loan being paid? O A. 14 years B. 15 years C. 13 years OD. 16 years

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