Amortization Schedule

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

Total Payments
$1,828.30
Total Interest
$828.30
Number of Monthly Payments
3
Monthly Payment
$609.43
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$375.00$234.43$765.57$375.00$609.43
2$765.57$287.09$322.34$443.22$662.09$1,218.86
3$443.22$166.21$443.22$-0.00$828.30$1,828.30