Amortization Schedule

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

Total Payments
$1,034.58
Total Interest
$34.58
Number of Monthly Payments
3
Monthly Payment
$344.86
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$17.19$327.67$672.33$17.19$344.86
2$672.33$11.56$333.30$339.03$28.75$689.72
3$339.03$5.83$339.03$0.00$34.58$1,034.58