Amortization Schedule

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

Total Payments
$1,534.99
Total Interest
$534.99
Number of Monthly Payments
3
Monthly Payment
$511.66
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$249.17$262.50$737.50$249.17$511.66
2$737.50$183.76$327.90$409.60$432.93$1,023.33
3$409.60$102.06$409.60$0.00$534.99$1,534.99