Sam wishes to invest $8,000 into an account earning 6% compounded annually. If he invests the money today, how much will be in the account in 6 years? If he waits three years before investing his $8,000 and invests that money for three years, will he earn one-half of the interest earned in the first scenario since he had the same amount invested at the same rate but for only one-half of the time? Explain how you arrived at your