Question:

Hattle has recently inherited $8100, which she wants to

Last updated: 7/19/2022

Hattle has recently inherited $8100, which she wants to

Hattle has recently inherited $8100, which she wants to deposit into an IRA account. She has determined that her two best bets are an account that compounds quarterly at an annual rate of 3.9 % (Account 1) and an account that compounds daily at an annual rate of 5.1% (Account 2). Step 2 of 2: How much would Hattie's balance be from Account 2 over 3.4 years? Round to two decimal places.