Mr. Trafalgar Law purchased a house and lot worth P4,000,000. He paid a down payment of P1,500,000. He plans to amortize the loan of P2,500,000 by paying semi-annually for 5 years. The interest rate is 12% compounded semi-annually. (Round-off your FINAL answers to two decimal places but don't round-off any intermediate answers in the table) What is the interest component of the 8th payment?

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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.