Amortization Schedule

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

Total Payments
$1,270.67
Total Interest
$70.67
Number of Monthly Payments
3
Monthly Payment
$423.56
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,200.00$35.00$388.56$811.44$35.00$423.56
2$811.44$23.67$399.89$411.55$58.67$847.11
3$411.55$12.00$411.55$-0.00$70.67$1,270.67