Question: 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 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 $1,021 $12,000 Payment Interval 6 months Interest Rate Conversion Period Outstanding Principal After: 12% quarterly 6th payment

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