Amortization Schedule

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

Total Payments
$1,208.43
Total Interest
$8.43
Number of Monthly Payments
3
Monthly Payment
$402.81
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,200.00$4.21$398.60$801.40$4.21$402.81
2$801.40$2.81$400.00$401.40$7.02$805.62
3$401.40$1.41$401.40$-0.00$8.43$1,208.43