Amortization Schedule

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

Total Payments
$1,259.79
Total Interest
$259.79
Number of Monthly Payments
3
Monthly Payment
$419.93
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$125.00$294.93$705.07$125.00$419.93
2$705.07$88.13$331.80$373.27$213.13$839.86
3$373.27$46.66$373.27$0.00$259.79$1,259.79