Amortization Schedule

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

Total Payments
$1,086.31
Total Interest
$6.31
Number of Monthly Payments
3
Monthly Payment
$362.10
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,080.00$3.15$358.95$721.05$3.15$362.10
2$721.05$2.10$360.00$361.05$5.25$724.20
3$361.05$1.05$361.05$0.00$6.31$1,086.31