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| Payment Number | Beginning Balance | Interest Payment | Principal Payment | Ending Balance | Cumulative Interest | Cumulative Payments |
|---|---|---|---|---|---|---|
| 1 | $20,800.00 | $520.00 | $1,507.73 | $19,292.27 | $520.00 | $2,027.73 |
| 2 | $19,292.27 | $482.31 | $1,545.43 | $17,746.84 | $1,002.31 | $4,055.46 |
| 3 | $17,746.84 | $443.67 | $1,584.06 | $16,162.78 | $1,445.98 | $6,083.20 |
| 4 | $16,162.78 | $404.07 | $1,623.66 | $14,539.12 | $1,850.05 | $8,110.93 |
| 5 | $14,539.12 | $363.48 | $1,664.25 | $12,874.86 | $2,213.53 | $10,138.66 |
| 6 | $12,874.86 | $321.87 | $1,705.86 | $11,169.00 | $2,535.40 | $12,166.39 |
| 7 | $11,169.00 | $279.23 | $1,748.51 | $9,420.50 | $2,814.62 | $14,194.13 |
| 8 | $9,420.50 | $235.51 | $1,792.22 | $7,628.28 | $3,050.13 | $16,221.86 |
| 9 | $7,628.28 | $190.71 | $1,837.03 | $5,791.25 | $3,240.84 | $18,249.59 |
| 10 | $5,791.25 | $144.78 | $1,882.95 | $3,908.30 | $3,385.62 | $20,277.32 |
| 11 | $3,908.30 | $97.71 | $1,930.02 | $1,978.28 | $3,483.33 | $22,305.05 |
| 12 | $1,978.28 | $49.46 | $1,978.28 | $-0.00 | $3,532.79 | $24,332.79 |