Refer to the following lease amonization schedule. The payments are made annually starting with the beginning of the lease residual value The asset has an expected economic We of 12 years. The lease is noncancelable ammunny storia de does not transfer to the less and there is no purchase option or guaranteed Cash Payment Payment Effective Interest Decrease in balance Outstanding Balance 65,370 55,370 3,999 10,000 10.000 10,000 10.000 10.00 10, 10. 10.000 10,00 10,000 6,587 7.312 What is the effective annual estate