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| Payment Number | Beginning Balance | Interest Payment | Principal Payment | Ending Balance | Cumulative Interest | Cumulative Payments |
|---|---|---|---|---|---|---|
| 1 | $1,000.00 | $10.83 | $245.98 | $754.02 | $10.83 | $256.80 |
| 2 | $754.02 | $8.16 | $248.64 | $505.38 | $18.99 | $513.60 |
| 3 | $505.38 | $5.47 | $251.33 | $254.05 | $24.46 | $770.41 |
| 4 | $254.05 | $2.75 | $254.05 | $0.00 | $27.21 | $1,027.21 |