An investor deposited $10,000 to open a new savings account that earned 8 percent annual interest, compounded quarterly. If there were no other transactions in the account, what was the amount of money in the account 6 months after the account was opened?
Choices:  A) $10,200  B) $10,202  C) $10,400  D) $10,404  E) $10,800
The amount in the account after 6 months is 1.02*1.02($10,000) = $10,404.   The answer is $10,404.
<result>D</result>
An investor deposited $10,000 to open a new savings account that earned 8 percent annual interest, compounded quarterly. If there were no other transactions in the account, what was the amount of money in the account 6 months after the account was opened?