8-29. The cost of conventional medications for diabetes has risen by an average of 13.1% per year...

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8-29. The cost of conventional medications for diabetes has risen by an average of 13.1% per year over the past four years. During this same period of time, the cost of a specialty drug for rheumatoid arthritis (RA) has increased 22.5% per year. If these increases continue into the foreseeable future, in how many years will an RA medicine now costing $20 per dose be at least five times as expensive as a diabetes inhaler that now costs $10 per use? (8.3)

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Engineering Economy

ISBN: 9781292265001

17th Global Edition

Authors: William G. Sullivan ,Elin M. Wicks ,C. Patrick Koelling

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