Amortization Schedule

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

Total Payments
$1,052.11
Total Interest
$52.11
Number of Monthly Payments
3
Monthly Payment
$350.70
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$25.83$324.87$675.13$25.83$350.70
2$675.13$17.44$333.26$341.87$43.27$701.40
3$341.87$8.83$341.87$0.00$52.11$1,052.11