Amortization Schedule

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

Total Payments
$1,031.83
Total Interest
$31.83
Number of Monthly Payments
3
Monthly Payment
$343.94
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$15.83$328.11$671.89$15.83$343.94
2$671.89$10.64$333.31$338.58$26.47$687.89
3$338.58$5.36$338.58$0.00$31.83$1,031.83