Amortization Schedule

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

Total Payments
$1,006.12
Total Interest
$6.12
Number of Monthly Payments
3
Monthly Payment
$335.37
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$3.06$332.32$667.68$3.06$335.37
2$667.68$2.04$333.33$334.35$5.10$670.75
3$334.35$1.02$334.35$0.00$6.12$1,006.12