The patriot missile, developed by Lockheed Martin,is

Chapter 4, Problem 4.25

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The patriot missile, developed by Lockheed Martin,is designed to detect, identify, and shoot down aircraftand other missiles. The Patriot Advanced Capability-3was originally promised to cost $3.9billion,but due to extra time needed to develop computercode and scrapped tests (due to high winds) at WhiteSands Missile Range, the actual cost was muchhigher. If the total project development time was 10years and costs increased at a rate of 0.5% per month,what was the final cost of the project?

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