A pottery factory purchases a continuous belt conveyor kiln, Financial Management

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A pottery factory purchases a continuous belt conveyor kiln

A pottery factory purchases a continuous belt conveyor kiln for ?$46,000. A 8.7?% APR monthly compound loan is taken out to purchase the kiln.

If the monthly payments are ?$425?, over what term is this loan being? paid in monthly payments? ?(Round your answer to the nearest whole? number.)

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Financial Management: A pottery factory purchases a continuous belt conveyor kiln

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Financial Management: A pottery factory purchases a continuous belt conveyor kiln

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