Amortization Schedule

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

Total Payments
$40,206.84
Total Interest
$206.84
Number of Monthly Payments
3
Monthly Payment
$13,402.28
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$40,000.00$103.33$13,298.95$26,701.05$103.33$13,402.28
2$26,701.05$68.98$13,333.30$13,367.75$172.31$26,804.56
3$13,367.75$34.53$13,367.75$0.00$206.84$40,206.84