Use the Buying a Car information above to answer this question. The rebate offer is $1400, and you can obtain a car loan at your local bank for the balance at 4.98% compounded monthly for 48 months. If you choose the rebate, what is your monthly payment? $_ Round to the nearest dollar.

Q: pecia

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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.