A couple wants to buy a $32.000 car and can bonow the money lor the puechase at 8%, payingtofin3 4, or 5 years The table to the right gives the monthly payment and total cont of the purchase (incuding the loan) for each of the payment plans Suppose that when the payment is over t years, P represents the monthly payment and C) represents the total cost for the car loan Use this information to anwer parts (a) thvough (d) Total Monthly (years) Payment s 1002 77 76122 646 5 Cost5 M 05 72 4. 5. 37.EMA a. Find P(3) and write a sentence that explains its meaning. Select the comect choice below and in the anseer bor to camplete your chaice OA the car is financed over 3 years, the payment is F O B. the car is financed over 3 years, the total cost is P3)-S

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.