Amortization Schedule

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

Total Payments
$1,006.66
Total Interest
$6.66
Number of Monthly Payments
3
Monthly Payment
$335.55
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$3.33$332.23$667.77$3.33$335.55
2$667.77$2.22$333.33$334.44$5.55$671.10
3$334.44$1.11$334.44$0.00$6.66$1,006.66