Business, 16.04.2021 20:40, prince96

Two consumers are buying the same model car. The sticker price for the car is $21,000. The interest rate is the same for both consumers. Consumer A decided to take out a 36-month loan and Consumer B decided to take out a 48-month loan. Which person will pay more for the car? Neither, because the car is listed for $21,000. Neither, because both are paying the same price at the same rate. Consumer B, because the loan term is longer. Consumer A, because the loan term is shorter

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Two consumers are buying the same model car. The sticker price for the car is $21,000. The interest...