Amortization Schedule

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

Total Payments
$1,205.40
Total Interest
$5.40
Number of Monthly Payments
3
Monthly Payment
$401.80
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,200.00$2.70$399.10$800.90$2.70$401.80
2$800.90$1.80$400.00$400.90$4.50$803.60
3$400.90$0.90$400.90$0.00$5.40$1,205.40