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| Payment Number | Beginning Balance | Interest Payment | Principal Payment | Ending Balance | Cumulative Interest | Cumulative Payments |
|---|---|---|---|---|---|---|
| 1 | $1,000.00 | $125.00 | $121.68 | $878.32 | $125.00 | $246.68 |
| 2 | $878.32 | $109.79 | $136.89 | $741.43 | $234.79 | $493.36 |
| 3 | $741.43 | $92.68 | $154.00 | $587.43 | $327.47 | $740.04 |
| 4 | $587.43 | $73.43 | $173.25 | $414.18 | $400.90 | $986.72 |
| 5 | $414.18 | $51.77 | $194.91 | $219.27 | $452.67 | $1,233.40 |
| 6 | $219.27 | $27.41 | $219.27 | $-0.00 | $480.08 | $1,480.08 |