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Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease. A$2,800 purchase option is reasonably

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Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease. A$2,800 purchase option is reasonably certain to be exercised at the end of the fiveyear lease. The asset has an expected economic life of eight years. What is the total interest paid over the term of the lease? Multiple Choice $4,302 $5,230 $9,280 $52,300 Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease. A$2,800 purchase option is reasonably certain to be exercised at the end of the fiveyear lease. The asset has an expected economic life of eight years. What is the total interest paid over the term of the lease? Multiple Choice $4,302 $5,230 $9,280 $52,300

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