Amortization Schedule

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

Total Payments
$1,043.64
Total Interest
$43.64
Number of Monthly Payments
3
Monthly Payment
$347.88
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$21.67$326.21$673.79$21.67$347.88
2$673.79$14.60$333.28$340.50$36.27$695.76
3$340.50$7.38$340.50$0.00$43.64$1,043.64