Amortization Schedule

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

Total Payments
$1,005.84
Total Interest
$5.84
Number of Monthly Payments
3
Monthly Payment
$335.28
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$2.92$332.36$667.64$2.92$335.28
2$667.64$1.95$333.33$334.30$4.86$670.56
3$334.30$0.98$334.30$0.00$5.84$1,005.84