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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The national Institute on Drug Abuse has spent $15 million on clinical trials toward finding out whether two vaccines can end the bad habits of nicotine and cocaine addiction. A switzerland based company is now testing an obesity vaccine. If the vaccines are semi- sucessful such that treatement costs and medical bills are reduced by an average of $15,000 per person per year, what is the present worth of the vaccines if there are 10 million beneficiaries in year 1 and an additional 15% each year through year 5? Use an interest rate of 8% per year
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