This is the formula you would use to compare the two:
Your interest rate should be 5.5% APR and NOT 55% APR !!!.
FV = P x {[1 + R]^N - 1 / R}
Yolanda's Account:
FV = 100 x {[1 + 0.055/12]^(88*12) - 1 / (0.055/12)}
FV = 100 x {[1.00458333....]^1,056 - 1 / (0.00458333....)}
FV = 100 x { 124.0785711 / 0.00458333}
FV = 100 x 27,071.6882353.......
FV =$2,707,168.82 - The balance of Yolanda's account after 88 years.
Zach" Account:
FV =1,000 x {[1 + 0.055]^88 -1 / 0.055}
FV =1,000 x {[1.055]^88 - 1 / 0.055}
FV =1,000 x 2,004.15625580...........
FV =$ 2,004,156.26 - The balance of Zach's account after 88 years.