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Posted on Jul 30, 2024

A pottery factory purchases a continuous belt conveyor kiln for $ 4 8 , 0 0 0 . A 7 . 9 % APR loan

A pottery factory purchases a continuous belt conveyor kiln for $

48, 000 .

7.9 %

APR loan with monthly payments is taken out to purchase the kiln. If the monthly payments are $

530.16,

over what

term is this loan being paid?

. 10

years

. 11

years

. 13

years

. 12

years

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