Steve wants to buy a new car and sees $12,000 car for which the dealership will provide 8% financing because of Steve's poor credit score. Sam has a better credit score and did some research before trying to buy his vehicle, so he was able to get a $16,000 car at 1.5% interest. Assuming the interest is compounded annually, who will pay the more at the end of the 5-year term for these car loans? Support your answer by stating the equation AND answer for BOTH Sam and Steve