Amortization Schedule

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

Total Payments
$1,120.70
Total Interest
$20.70
Number of Monthly Payments
4
Monthly Payment
$280.18
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,100.00$8.25$271.93$828.07$8.25$280.18
2$828.07$6.21$273.96$554.11$14.46$560.35
3$554.11$4.16$276.02$278.09$18.62$840.53
4$278.09$2.09$278.09$0.00$20.70$1,120.70