Amortization Schedule

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

Total Payments
$1,080.70
Total Interest
$80.70
Number of Monthly Payments
3
Monthly Payment
$360.23
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$39.83$320.40$679.60$39.83$360.23
2$679.60$27.07$333.16$346.43$66.90$720.47
3$346.43$13.80$346.43$0.00$80.70$1,080.70