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A pottery factory purchases a continuous belt conveyor kiln for $45,000. A 6.1% APR loan with monthly payments is taken out to purchase the kiln.
A pottery factory purchases a continuous belt conveyor kiln for $45,000. A 6.1% APR loan with monthly payments is taken out to purchase the kiln. If the monthly payments are $398.95, over what term is this loan being paid? O A. 14 years OB. 15 years O C. 13 years OD. 12 years
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