An investor deposited $5,000 to open a new savings account that earned 4 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?	Pick one:
A) $5050.50
B) $5100.50
C) $5200.50
D) $5300.50
E) $5400.50
The amount in the account after 6 months is 1.01*1.01($5,000) = $5100.50   The answer is $5100.50.
<result>B</result>
An investor deposited $5,000 to open a new savings account that earned 4 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?