In Addition To Using Its Own Capital Reserves For The Development Pinecrest Ente

In addition to using its own capital reserves for the development, Pinecrest Enterprises must have access to a line of credit. Robert, the manager of the local bank, is concerned about Pinecrest’s existing debt. The total debt is $72 million. Joe, Pinecrest’s CEO, believes the company can reduce the existing debt by $2.5 million per month. Robert indicates that the company can receive additional credit if its debt has been reduced to between $37 million and $52 million.

What is the range for the number  of monthly payments that correspond to this target? When writing your answer as an inequality in the form , what are the values of  and ?

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"