Amortization Schedule

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

Total Payments
$1,040.25
Total Interest
$40.25
Number of Monthly Payments
3
Monthly Payment
$346.75
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$19.99$326.76$673.24$19.99$346.75
2$673.24$13.46$333.29$339.95$33.45$693.50
3$339.95$6.80$339.95$-0.00$40.25$1,040.25