Hattie has recently inherited $9900, which she wants to deposit into an IRA account. She has determined that her two best bets are an account that compounds daily at a rate of 5% (Account 1) and an account that compounds semi-annually at an annual rate of 4% (Account 2).

Step 1 of 2:

Which account would pay Hattie more interest?

Step 2 of 2:

How much would Hattie's balance from account 1 be after 22 years? Round to two decimal places.