Amortization Schedule

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

Total Payments
$1,001.33
Total Interest
$1.33
Number of Monthly Payments
3
Monthly Payment
$333.78
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$0.67$333.11$666.89$0.67$333.78
2$666.89$0.44$333.33$333.56$1.11$667.56
3$333.56$0.22$333.56$-0.00$1.33$1,001.33