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Payment Number | Beginning Balance | Interest Payment | Principal Payment | Ending Balance | Cumulative Interest | Cumulative Payments |
---|---|---|---|---|---|---|
1 | $10,000.00 | $1,408.33 | $1,740.28 | $8,259.72 | $1,408.33 | $3,148.62 |
2 | $8,259.72 | $1,163.24 | $1,985.37 | $6,274.34 | $2,571.58 | $6,297.23 |
3 | $6,274.34 | $883.64 | $2,264.98 | $4,009.37 | $3,455.21 | $9,445.85 |
4 | $4,009.37 | $564.65 | $2,583.96 | $1,425.40 | $4,019.87 | $12,594.46 |