Amortization Schedule
Amount of Loan
Annual Interest Rate (in percent)
Length of Loan (in months)
Total Payments
$104.03
Total Interest
$4.03
Number of Monthly Payments
3
Monthly Payment
$34.68
Payment Number
Beginning Balance
Interest Payment
Principal Payment
Ending Balance
Cumulative Interest
Cumulative Payments
1
$100.00
$2.00
$32.68
$67.32
$2.00
$34.68
2
$67.32
$1.35
$33.33
$34.00
$3.35
$69.35
3
$34.00
$0.68
$34.00
$0.00
$4.03
$104.03