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 PrincipalDebt Payment $12,000 $904 Payment Interval 3 months Interest Rate 8% Conversion Period quarterly Outstanding Principal After: 7th payment (a) The number of payments required to amortize the debt is : (Round the final answer up to the nearest whole number. Round all intermediate values to six decimal places as needed.) (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.)