The debt is amortized by the periodic payment shown. Compute$($a$)$ the number of payments required to amortize the$$ debt; $($b$)$ the outstanding principal at the time indicated.

Debt Principal

Debt Payment

Payment Interval

Interest Rate

Conversion Period

Outstanding Principal $$ After:

$$$$14$ comma $000$

$$$$944$

$1$ month

$7\%$

quarterly

$6$th payment