Amortization Schedule

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

Total Payments
$1,060.42
Total Interest
$60.42
Number of Monthly Payments
3
Monthly Payment
$353.47
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$29.92$323.56$676.44$29.92$353.47
2$676.44$20.24$333.24$343.21$50.15$706.95
3$343.21$10.27$343.21$-0.00$60.42$1,060.42