Amortization Schedule

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

Total Payments
$10,587.62
Total Interest
$87.62
Number of Monthly Payments
3
Monthly Payment
$3,529.21
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,500.00$43.75$3,485.46$7,014.54$43.75$3,529.21
2$7,014.54$29.23$3,499.98$3,514.56$72.98$7,058.41
3$3,514.56$14.64$3,514.56$-0.00$87.62$10,587.62