Amortization Schedule

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

Total Payments
$10,538.01
Total Interest
$538.01
Number of Monthly Payments
3
Monthly Payment
$3,512.67
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$266.67$3,246.00$6,754.00$266.67$3,512.67
2$6,754.00$180.11$3,332.56$3,421.43$446.77$7,025.34
3$3,421.43$91.24$3,421.43$-0.00$538.01$10,538.01