Amortization Schedule

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

Total Payments
$1,106.79
Total Interest
$106.79
Number of Monthly Payments
3
Monthly Payment
$368.93
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$52.50$316.43$683.57$52.50$368.93
2$683.57$35.89$333.04$350.53$88.39$737.86
3$350.53$18.40$350.53$-0.00$106.79$1,106.79