Amortization Schedule

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

Total Payments
$1,155.27
Total Interest
$55.27
Number of Monthly Payments
3
Monthly Payment
$385.09
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,100.00$27.41$357.68$742.32$27.41$385.09
2$742.32$18.50$366.59$375.73$45.90$770.18
3$375.73$9.36$375.73$0.00$55.27$1,155.27