Multiple Choice
A pottery factory purchases a continuous belt conveyor kiln for $68,000. A 6.3% APR loan with monthly payments is taken out to purchase the kiln. If the monthly payments are $765.22, over what term is this loan being paid?
A) 8 years
B) 9 years
C) 10 years
D) 11 years
Correct Answer:
Verified
Correct Answer:
Verified
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