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 Number	Beginning Balance	Interest Payment	Principal Payment	Ending Balance	Cumulative Interest	Cumulative 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