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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 , 0 0
Refer to the following lease amortization schedule.The five payments are made annually starting with the beginning of the lease. A $ 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.LeaseCashEffectiveDecreaseOutstandingPayment Payment Interest inBalanceBalanceWhat's the total interest paid over the term of the lease? A $ B $ C $ D $
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