In order to cover upfront expenses, Pinecrest Enterprises must be able to come up with $50 million of its own capital reserves. Presently, Pinecrest has $37 million in capital reserves available, and can add $1.5 million per month .

Question

After how many months will Pinecrest Enterprises meet the reserve requirement? Round up to the next month.

Answer 1

(50-37)/1.5 = ?

Answer 2

Thank you