An investor bought a 1-year $6,000 certificate of deposit that paid interest at an annual rate of 8 percent compounded semiannually. What was the total amount of interest paid on this certificate at maturity?
Choose the correct option.
A) $480  B) $489.60  C) $634.64  D) $800.32  E) $240
1.04*1.04*6000= 
<gadget id="calculator">1.04*1.04*6000</gadget>
<output>6_489.6</output>
$6489.60   The answer is $489.60.
<result>B</result>
An investor bought a 1-year $6,000 certificate of deposit that paid interest at an annual rate of 8 percent compounded semiannually. What was the total amount of interest paid on this certificate at maturity?