Amortization Schedule

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

Total Payments
$10,225.84
Total Interest
$225.84
Number of Monthly Payments
3
Monthly Payment
$3,408.61
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$112.50$3,296.11$6,703.89$112.50$3,408.61
2$6,703.89$75.42$3,333.19$3,370.69$187.92$6,817.23
3$3,370.69$37.92$3,370.69$-0.00$225.84$10,225.84