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  3. \table[[\table[[lease],[payment]],\table[[cash],[p

\table[[\table[[Lease],[Payment]],\table[[Cash],[Payment]],\table[[Effective],[Interest]],Balance,Balance],[,,,,$45,130,,],[1,$9,600,??,??,35,530,,],[2,9,600,$1,776,$7,824,27,706,,],[3,9,600,1,385,8,215,19,492,,],[4,9,600,975,8,625,10,866,,],[5,9,600,??,??,??,,],[6,$1,900,$90,$1,810,$0,,]] What would be the amount of Interest expense recorded with payment 5?...

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Accounting

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\table[[\table[[Lease],[Payment]],\table[[Cash],[Payment]],\table[[Effective],[Interest]],Balance,Balance],[,,,,$45,130,,],[1,$9,600,??,??,35,530,,],[2,9,600,$1,776,$7,824,27,706,,],[3,9,600,1,385,8,215,19,492,,],[4,9,600,975,8,625,10,866,,],[5,9,600,??,??,??,,],[6,$1,900,$90,$1,810,$0,,]]
What would be the amount of Interest expense recorded with payment 5?
Note: Round your answer to the nearest whole dollar amount.
Multiple Choice
$1,900
$543
$9.057
$1,357
image

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