Amortization Schedule

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

Total Payments
$1,002.50
Total Interest
$2.50
Number of Monthly Payments
3
Monthly Payment
$334.17
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$1.25$332.92$667.08$1.25$334.17
2$667.08$0.83$333.33$333.75$2.08$668.33
3$333.75$0.42$333.75$-0.00$2.50$1,002.50