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. Payment Debt Principal Debt Payment Interest Rate Conversion Outstanding Interval Period Principal After: $14,000 $1,200 3 months 3% monthly 7th 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.)