Amortization Schedule

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

Total Payments
$1,213.02
Total Interest
$13.02
Number of Monthly Payments
3
Monthly Payment
$404.34
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,200.00$6.50$397.84$802.16$6.50$404.34
2$802.16$4.35$400.00$402.16$10.85$808.68
3$402.16$2.18$402.16$-0.00$13.02$1,213.02