Erbitux is a colorectal cancer treatment drug thatis manufactured by ImClone Systems Inc. - Essay Prowess

Erbitux is a colorectal cancer treatment drug thatis manufactured by ImClone Systems Inc.

Erbitux is a colorectal cancer treatment drug thatis manufactured by ImClone Systems Inc.

  

Assume treatment takes place over a 1 year period at a cost of $10,000 per month and the patient lives 5 more years long than he/she would have lived without the treatment. How much would that person have to earn each month beginning 1 month after treatment ends in order to earn an amount equivalent to the total treatment cost at an interest rate of 12%per year compounded monthly?