Amortization Schedule

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

Total Payments
$100.03
Total Interest
$0.03
Number of Monthly Payments
3
Monthly Payment
$33.34
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$0.02$33.33$66.67$0.02$33.34
2$66.67$0.01$33.33$33.34$0.03$66.69
3$33.34$0.01$33.34$0.00$0.03$100.03