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please show excel functions used begin{tabular}{|c|c|c|} hline 4 & A & B hline 1 & multicolumn{2}{|c|}{ COMPARING 4 SAVINGS PLANS } hline 2
please show excel functions used
\begin{tabular}{|c|c|c|} \hline 4 & A & B \\ \hline 1 & \multicolumn{2}{|c|}{ COMPARING 4 SAVINGS PLANS } \\ \hline 2 & Savings amount & 1,000.00 \\ \hline 3 & & \\ \hline 4 & Option A--Bellon Bank & \\ \hline 5 & Interest rate & 12.0% \\ \hline 6 & Effective annual interest rate (compounded) & \\ \hline 7 & Savings after 5 years & \\ \hline 8 & & \\ \hline 9 & Option B--WNC Bank & \\ \hline 10 & Interest rate & 11.0% \\ \hline 11 & Effective annual interest rate (compounded) & \\ \hline 12 & Savings after 5 years & \\ \hline 13 & & \\ \hline 14. & Option C--Plebian Bank & \\ \hline 15 & Interest rate & 10.0% \\ \hline 16 & Effective annual interest rate (compounded) & \\ \hline 17 & Savings after 5 years & \\ \hline 18 & & \\ \hline 19 & Option D--Byfus Bank & \\ \hline 20 & Interest rate & 11.5% \\ \hline 21 & Effective annual interest rate (compounded) & \\ \hline 22 & Savings after 5 years & \\ \hline \end{tabular} Step by Step Solution
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