Amortization Schedule

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

Total Payments
$11,531.85
Total Interest
$531.85
Number of Monthly Payments
4
Monthly Payment
$2,882.96
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$210.74$2,672.22$8,327.78$210.74$2,882.96
2$8,327.78$159.55$2,723.42$5,604.36$370.29$5,765.93
3$5,604.36$107.37$2,775.59$2,828.77$477.66$8,648.89
4$2,828.77$54.19$2,828.77$0.00$531.85$11,531.85