Amortization Schedule

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

Total Payments
$1,167.60
Total Interest
$167.60
Number of Monthly Payments
3
Monthly Payment
$389.20
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$81.67$307.53$692.47$81.67$389.20
2$692.47$56.55$332.65$359.82$138.22$778.40
3$359.82$29.38$359.82$-0.00$167.60$1,167.60