Amortization Schedule

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

Total Payments
$11,967.66
Total Interest
$52.66
Number of Monthly Payments
3
Monthly Payment
$3,989.22
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,915.00$26.31$3,962.91$7,952.09$26.31$3,989.22
2$7,952.09$17.56$3,971.66$3,980.43$43.87$7,978.44
3$3,980.43$8.79$3,980.43$0.00$52.66$11,967.66