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 indi Payment Debt Principal Debt Payment Interval $12,000 $1,333 Conversion Interest Rate Period 6 months 3% monthly Outstanding Principal After: 8th payment (a) The number of payments required to amortize the debt is (Round up to the nearest integer) (b) The outstanding principal is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) ompute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated. Conversion Cate Period Outstanding Principal After: bt is monthly 8th payment Round all intermediate values to six decimal places as needed)