Rubber Band Ant

This is a stimulating little problem from the ever-creative James Tanton:

“An ant is at the east end of an infinite stretchy band, initially 2 ft long. Each day: ant walks 1 ft west on the band. Overnight while sleeping, band stretches to double its length (carrying ant westward as does so). Same routine each day/night. Will ant cover 99% of band’s length?”

(Ant from clipart-library.com)

See the Rubber Band Ant