Amortization Schedule

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

Total Payments
$1,058.89
Total Interest
$58.89
Number of Monthly Payments
3
Monthly Payment
$352.96
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$29.17$323.80$676.20$29.17$352.96
2$676.20$19.72$333.24$342.96$48.89$705.93
3$342.96$10.00$342.96$-0.00$58.89$1,058.89