v Cost $10$ Hecorded Help Save & Exit Submit Refer to the following tease amortization schedule. The $10$ payments are made annually starting with the beginning of the lease. Title does not transfer to the lessee and there is no purchase option or guaranteed residual value. The asset has an expected economic life of $12$ years. The sease is noncancelable. Cash Effective Decrease Outstanding Payment Payment Interest in balance Balance $101,456114,00014,00087,456214,0006,9967,00480,452314,0006,4367,56472,888414,8005,8318,16964,719514,0005,1788,82255,897614,000414729,52846,369714,0003,71010,29036,079814,0002,88611,11424,965914,000?771014,000277$ au WN What is the total effective interest paid over the term of the lease?What is the total effective interest paid over the term of the lease? Multiple Choice $$38,543$ $$140,000$ $$87,456$ $$101456$