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A pottery factory purchases a continuous belt conveyor kiln for $56,000. A 6.1% 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 $56,000. A 6.1% APR loan with monthly payments is taken out to purchase the kiln. If the monthly payments are $496.47, over what term is this loan being paid? O A. 15 years OB. 13 years O C. 14 years OD. 12 years

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