|
|
|
|
| Payment Number | Beginning Balance | Interest Payment | Principal Payment | Ending Balance | Cumulative Interest | Cumulative Payments |
|---|---|---|---|---|---|---|
| 1 | $15.00 | $0.00 | $1.87 | $13.13 | $0.00 | $1.88 |
| 2 | $13.13 | $0.00 | $1.87 | $11.25 | $0.00 | $3.75 |
| 3 | $11.25 | $0.00 | $1.87 | $9.38 | $0.00 | $5.63 |
| 4 | $9.38 | $0.00 | $1.87 | $7.50 | $0.00 | $7.50 |
| 5 | $7.50 | $0.00 | $1.88 | $5.63 | $0.00 | $9.38 |
| 6 | $5.63 | $0.00 | $1.88 | $3.75 | $0.00 | $11.25 |
| 7 | $3.75 | $0.00 | $1.88 | $1.88 | $0.00 | $13.13 |
| 8 | $1.88 | $0.00 | $1.88 | $-0.00 | $0.00 | $15.00 |