On December 20, 1989, Dixon opened an account at the Eastman Credit Union with an initial deposit if $1000.00. On February 20, 1990, he deposited an additional $1000.00. If the credit union pays 12% interest compound monthly, how much will be in the account on March 20, 1990?
A. $1030.20
B. $1010.10
C. $2,040.30
D. $4,012.70
E. $3050.50