Question: this question Required information Knowledge Check 01 Carrington Company agrees to make lease payments of $309.32 at the end of each month for 60 months

this question

Required information Knowledge Check 01 Carrington Company agrees to make lease payments of $309.32 at the end of each month for 60 months for the use of equipment. The present value of the 60 lease payments using a 6% borrowing rate is $16,000. Total interest expense over the term of the lease is: Multiple Choice $2,559 O $16,000

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