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| Payment Number | Beginning Balance | Interest Payment | Principal Payment | Ending Balance | Cumulative Interest | Cumulative Payments |
|---|---|---|---|---|---|---|
| 1 | $1,000.00 | $13.33 | $194.74 | $805.26 | $13.33 | $208.07 |
| 2 | $805.26 | $10.74 | $197.33 | $607.93 | $24.07 | $416.14 |
| 3 | $607.93 | $8.11 | $199.96 | $407.96 | $32.18 | $624.21 |
| 4 | $407.96 | $5.44 | $202.63 | $205.33 | $37.62 | $832.28 |
| 5 | $205.33 | $2.74 | $205.33 | $0.00 | $40.35 | $1,040.35 |