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A pottery factory purchases a continuous belt conveyor kiln for $64,000 A 6.9% APR loan with monthly payments is taken out to purchase the kiln.

A pottery factory purchases a continuous belt conveyor kiln for $64,000 A 6.9% APR loan with monthly payments is taken out to purchase the kiln. If the monthly payments are 654 76over what term is this loan being paid ?

A. 12 years

B. 11 years

C. 10 years

D. 13 years

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