Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease. A $2,900 purchase option is reasonably certain to be exercised at the end of the five-year lease. The asset has an expected economic life of eight years. Lease Payment Cash Payment Effective Interest Decrease in Outstanding Balance Balance 43,010 1 9,700 ?? ?? 33,310 2 9,700 2,998 6,702 26,608 3 9,700 2,395 7,305 19,303 456 9,700 1,737 7,963 11,340 9,700 ?? ?? ?? 2,900 239 2,661 0 What is the total interest paid over the term of the lease? 4