Amortization Schedule

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

Total Payments
$1,002.92
Total Interest
$2.92
Number of Monthly Payments
3
Monthly Payment
$334.31
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$1.46$332.85$667.15$1.46$334.31
2$667.15$0.97$333.33$333.82$2.43$668.61
3$333.82$0.49$333.82$-0.00$2.92$1,002.92