Amortization Schedule

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

Total Payments
$1,001.93
Total Interest
$1.93
Number of Monthly Payments
3
Monthly Payment
$333.98
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$0.97$333.01$666.99$0.97$333.98
2$666.99$0.64$333.33$333.66$1.61$667.96
3$333.66$0.32$333.66$-0.00$1.93$1,001.93