John will have to wait three years to receive an inheritance. After the three years, he will receive $1000 at the end of each six months for five years. The interest rate is 7% compounded...

John will have to wait three years to receive an inheritance. After the three years, he will receive $1000 at the end of each six months for five years. The interest rate is 7% compounded semi-annually. How many interest conversion intervals are there in the period of deferment?