Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease. A $2,400 purchase option is reasonably certain to be exercised at the end of the five-year lease. The asset has an expected economic affe of eight years. What is the total interest paid over the term of the lease? What is the total interest paid over the term of the lease? Multiple Choice $46,400 $3,712 $6,820 $4,948