Amortization Schedule

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

Total Payments
$904.88
Total Interest
$4.88
Number of Monthly Payments
3
Monthly Payment
$301.63
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$900.00$2.44$299.19$600.81$2.44$301.63
2$600.81$1.63$300.00$300.81$4.06$603.25
3$300.81$0.81$300.81$-0.00$4.88$904.88