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A pottery factory purchases a continuous belt conveyor kiln for $44,000. A 7.1% APR monthly compound loan is taken out to purchase the kiln. If
A pottery factory purchases a continuous belt conveyor kiln for $44,000. A 7.1% APR monthly compound loan is taken out to purchase the kiln. If the monthly payments are $556, over what term is this loan being paid? monthly payments (Round your answer to the nearest whole number)
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