Amortization Schedule

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

Total Payments
$12,032.01
Total Interest
$32.01
Number of Monthly Payments
3
Monthly Payment
$4,010.67
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$12,000.00$16.00$3,994.67$8,005.33$16.00$4,010.67
2$8,005.33$10.67$4,000.00$4,005.33$26.67$8,021.34
3$4,005.33$5.34$4,005.33$0.00$32.01$12,032.01