|
|
|
|
| Payment Number | Beginning Balance | Interest Payment | Principal Payment | Ending Balance | Cumulative Interest | Cumulative Payments |
|---|---|---|---|---|---|---|
| 1 | $10,000.00 | $416.67 | $2,349.06 | $7,650.94 | $416.67 | $2,765.73 |
| 2 | $7,650.94 | $318.79 | $2,446.94 | $5,204.00 | $735.46 | $5,531.46 |
| 3 | $5,204.00 | $216.83 | $2,548.90 | $2,655.10 | $952.29 | $8,297.19 |
| 4 | $2,655.10 | $110.63 | $2,655.10 | $0.00 | $1,062.92 | $11,062.92 |