To calculate the total amount of money in the account after four years, we need to calculate the interest earned each year and add it to the initial deposit.
Initial deposit: $1,000,000
Year 1:
Interest earned: $1,000,000 * 8% = $80,000
Total amount after year 1: $1,000,000 + $80,000 = $1,080,000
Year 2:
Interest earned: $1,080,000 * 8% = $86,400
Total amount after year 2: $1,080,000 + $86,400 = $1,166,400
Year 3:
Interest earned: $1,166,400 * 8% = $93,312
Total amount after year 3: $1,166,400 + $93,312 = $1,259,712
Year 4:
Interest earned: $1,259,712 * 8% = $100,777.60
Total amount after year 4: $1,259,712 + $100,777.60 = $1,360,489.60
Therefore, the total amount in the account after four years would be $1,360,489.60.