1.) Explain your answer?

Alessee company is planning to sign a contract to lease an asset for $500 per month for three years. The annual interest rate implicit in the lease is 6%. 1. Which of the statements below is true? O Total interest expense for the lease will be less if the payments are made at the beginning of each month rather than at the end of each month. O Total interest expense for the lease will be less if the payments are made at the end of each month rather than at the beginning of each month