Amortization Schedule

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

Total Payments
$10,377.32
Total Interest
$377.32
Number of Monthly Payments
3
Monthly Payment
$3,459.11
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$187.50$3,271.61$6,728.39$187.50$3,459.11
2$6,728.39$126.16$3,332.95$3,395.44$313.66$6,918.21
3$3,395.44$63.66$3,395.44$0.00$377.32$10,377.32