Amortization Schedule

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

Total Payments
$1,005.25
Total Interest
$5.25
Number of Monthly Payments
3
Monthly Payment
$335.08
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$2.63$332.46$667.54$2.63$335.08
2$667.54$1.75$333.33$334.21$4.38$670.17
3$334.21$0.88$334.21$0.00$5.25$1,005.25