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| Payment Number | Beginning Balance | Interest Payment | Principal Payment | Ending Balance | Cumulative Interest | Cumulative Payments |
|---|---|---|---|---|---|---|
| 1 | $1,000.00 | $2.50 | $123.91 | $876.09 | $2.50 | $126.41 |
| 2 | $876.09 | $2.19 | $124.22 | $751.87 | $4.69 | $252.82 |
| 3 | $751.87 | $1.88 | $124.53 | $627.34 | $6.57 | $379.23 |
| 4 | $627.34 | $1.57 | $124.84 | $502.50 | $8.14 | $505.64 |
| 5 | $502.50 | $1.26 | $125.15 | $377.34 | $9.39 | $632.05 |
| 6 | $377.34 | $0.94 | $125.47 | $251.88 | $10.34 | $758.46 |
| 7 | $251.88 | $0.63 | $125.78 | $126.10 | $10.97 | $884.87 |
| 8 | $126.10 | $0.32 | $126.10 | $-0.00 | $11.28 | $1,011.28 |