Amortization Schedule

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

Total Payments
$1,067.40
Total Interest
$67.40
Number of Monthly Payments
3
Monthly Payment
$355.80
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$33.33$322.47$677.53$33.33$355.80
2$677.53$22.58$333.21$344.32$55.92$711.60
3$344.32$11.48$344.32$0.00$67.40$1,067.40