Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease. A $1,900 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 Cash Effective Decrease in Outstanding Payment Payment Interest Balance Balance 45,130 9,600 22 ?? 35, 530 2 9,600 1,776 7,824 27,706 3 9,600 1,385 8,215 19,492 9,600 975 8,625 10,866 9,600 22 22 6 1,900 90 1,810 4 5 ?? 0 What is the total interest paid over the term of the lease? Multiple Choice $2.495 $49.900