The cost of a home is financed with a $120,000 20-year fixed-rate mortgage at 44%. The monthly payment is $727.18 . a. Find the monthly interest rate for the loan. b. Prepare a loan amortization schedule for the first three months of the mortgage (see below).

b. Fill out the loan amortization schedule for the first three months of the mortgage below. Payment Payment Principal Paid Balance Interest Paid NumberAmount $727.18 $727.18 $727.18 2 (Use the answer from part a to find the interest. Round to the nearest cent as needed.)