Final answer:
Calculating cash available to retire debt requires knowledge of cash flows, which was not provided. For individuals, understanding compound interest and payment formulas is key to determining how much to save and pay off debts. These calculations can be complex and involve several variables such as present value, interest rate, and payment periods.
Step-by-step explanation:
To calculate the cash available to retire debt over six months, one would typically need to know the company's cash flow details and any potential earnings or expenses that could impact the cash reserve specifically allocated for the repayment of debt. Without additional financial details such as income, expenses, and other aspects of the cash flow statement, it's not possible to provide exact figures.
For an individual, such as in the example of Yelberton, determining the amount to save to retire debt or for retirement in general involves calculating the future value of savings and the required periodic contributions. Using his example, the future value of an investment using compound interest is calculated as FV = PV x (1 + r)^n, where FV is the future value, PV is the present value, r is the interest rate, and n is the number of periods. Similarly, for a loan, the monthly payments can be calculated using the loan amount, interest rate, and term of the loan.
To calculate Charese's yearly student loan payments, we would use the loan amortization formula. For Tyler's credit card repayment caluclation, we'd use the formula to calculate payments for an amortizing loan considering the APR and monthly payment amount.