Amortization Schedule

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

Total Payments
$1,888.07
Total Interest
$888.07
Number of Monthly Payments
3
Monthly Payment
$629.36
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$400.00$229.36$770.64$400.00$629.36
2$770.64$308.26$321.10$449.54$708.26$1,258.72
3$449.54$179.82$449.54$-0.00$888.07$1,888.07