Amortization Schedule

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

Total Payments
$1,117.65
Total Interest
$17.65
Number of Monthly Payments
3
Monthly Payment
$372.55
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,100.00$8.80$363.75$736.25$8.80$372.55
2$736.25$5.89$366.66$369.59$14.69$745.10
3$369.59$2.96$369.59$0.00$17.65$1,117.65