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14.1.A2 Question Help The debt is amortized by the periodic payment shown. Compute (a) the number of payments required to amortize the debt; (b) the

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14.1.A2 Question Help 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 $16,000 $1074 Payment Interval 1 month Interest Rate 12% Conversion Period monthly Outstanding Principal After: 7th payment

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