Amortization Schedule

Amount of Loan
Annual Interest Rate (in percent)
Length of Loan (in months)

Total Payments
$86.13
Total Interest
$41.46
Number of Monthly Payments
3
Monthly Payment
$28.71
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$44.67$18.61$10.10$34.57$18.61$28.71
2$34.57$14.40$14.31$20.27$33.02$57.42
3$20.27$8.44$20.27$0.00$41.46$86.13