Carlos invested $4900 in an account that pays an annual interest rate of 3.1%, compounded quarterly. Answer each part. If necessary, refer to the list of financial formulas.

(a)	Find the amount in the account after one year, assuming no withdrawals are made. Do not round any intermediate computations, and round your answer to the nearest cent.
		$
(b)	Find the effective annual interest rate, expressed as a percentage. Do not round any intermediate computations, and round your answer to the nearest hundredth of a percent.
		%