Amanda deposits$60,000 into an account that pays 4% interest per year, compounded annually. Sam deposits $60,000 into an account that also pays 4% per year. But it is simple interest. Find the interest Amanda and Sam earn during each of the first three years. Then decide who earns more interest for each year. Assume there are no withdrawals and no additional deposits. Year First           Second.        Third Interest Amanda earns (Interest compounded annually) $.                        $                    $       Year First           Second.        Third Interest Sam earns ( Simple Interest) $.                        $                    $   who earns more each year.

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