What is the total effective interest over the term of the lease?
A)$100,000.
B)$ 36,718.
C)$ 53,282.
D)$ 63,282.$100,000 $63,282 = $36,718

Name: What is the total effective interest over the term of the lease? A)$100,000. B)$ 36,718. C)$ 53,282. D)$ 63,282.$100,000 $63,282 = $36,718
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Question

Quizplus · Accepted Answer

Option B is the correct answer as it calculates the total effective interest over the term of the lease correctly. The other options do not provide the correct calculation for the total effective interest.

What Is the Total Effective Interest Over the Term of the Lease