An investor deposited $5,000 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?  Choose one:  A) $ 5050  B) $ 5101  C) $ 5202  D) $ 5303  E) $ 5404

Rationale: "the amount in the account after 6 months is 1.02 * 1.02 ( $ 5,000 ) = $ 5202 the answer is c ."
Answer: C