Tessa has recently inherited $5500$5500, which she wants to deposit into an IRA account. She has determined that her two best bets are an account that compounds semi-annually at an annual rate of 4.3%4.3% (Account 1) and an account that compounds quarterly at an annual rate of 3.2%3.2% (Account 2).

Step2of2:

How much would Tessa's balance be from Account 1 over 2.82.8 years? Round to two decimal places.