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 ?
Pinecrest Enterprises
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