Amortization Schedule

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

Total Payments
$1,000.07
Total Interest
$0.07
Number of Monthly Payments
3
Monthly Payment
$333.36
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$0.03$333.32$666.68$0.03$333.36
2$666.68$0.02$333.33$333.34$0.06$666.71
3$333.34$0.01$333.34$0.00$0.07$1,000.07