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A pension fund is able to earn 112 = 5.34 % on its investments in government bonds. Should it proceed with an investment that costs

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A pension fund is able to earn 112 = 5.34 % on its investments in government bonds. Should it proceed with an investment that costs $1437000 and returns $6800 at the end of each month for the next 28 years? What criteria is choosed for comparison ? What is criteria value of investment ? What project is selected ?

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