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Please explain a easy way to solve this You are offered a note that pays 5570 in 12 months (or 365 days) for 5550 .

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You are offered a note that pays 5570 in 12 months (or 365 days) for 5550 . You have $550 in a hank that pays a 4.572 nominal rate, with 365 daily compouncing. You pla leave the money in the bankif you dont buy the note. The note is riskless. Should you buy in Why? Note: There are three methods to answer this question. You ma want to use the easiest method for you to answer the question. You need to show what method you use and numbers to support your answer. Note: To recelve full credit, show numbers / formulas you used to get your answer(s). For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (MaC)

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