This should be made using the factors(image2). Without using excel functions.

Exercise 3. Jos is thinking of opening a savings account at a bank, and he has three options for entities, in which they offer you different rates of return on the expired composition period. Which of the Banks offer the best effective interest rate? Bank No. 1: Annual interest of 6.7% capitalized quarterly Bank No. 2: Annual interest of 6.65% capitalized monthly Bank No. 3: Annual interest of 6.65% capitalized daily P = 1000(P/A,%1,5) + 100(P/G,%1,4)(P/F, %1,1) P = 1000(P/F,1,1) + 1000(P/F,1,2) + 1100(P/F,1,3) + 1200(P/F,1.4) + 1300(P/F,1,5) FACTORES $1100 $1200 $1300 (c) $1000 $1000 i= dado 0 1 2 3 4 5 P = ? P= 1000(P/A,1,2)+((1100(P/A,1,3)+100(P/G,1,3)/(P/F1,2) P = 1000(P/F.1,1) + (1000(P/A,1,4)+100(P/G,1,4)](P/F,1,1 (d) $100 $150 $150 i= dado . 3 F=