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| Payment Number | Beginning Balance | Interest Payment | Principal Payment | Ending Balance | Cumulative Interest | Cumulative Payments |
|---|---|---|---|---|---|---|
| 1 | $500.00 | $2.50 | $40.54 | $459.46 | $2.50 | $43.03 |
| 2 | $459.46 | $2.29 | $40.74 | $418.73 | $4.79 | $86.06 |
| 3 | $418.73 | $2.09 | $40.94 | $377.79 | $6.88 | $129.09 |
| 4 | $377.79 | $1.89 | $41.15 | $336.64 | $8.77 | $172.12 |
| 5 | $336.64 | $1.68 | $41.35 | $295.29 | $10.45 | $215.15 |
| 6 | $295.29 | $1.47 | $41.56 | $253.73 | $11.92 | $258.19 |
| 7 | $253.73 | $1.27 | $41.76 | $211.97 | $13.19 | $301.22 |
| 8 | $211.97 | $1.06 | $41.97 | $170.00 | $14.24 | $344.25 |
| 9 | $170.00 | $0.85 | $42.18 | $127.81 | $15.09 | $387.28 |
| 10 | $127.81 | $0.64 | $42.39 | $85.42 | $15.73 | $430.31 |
| 11 | $85.42 | $0.43 | $42.60 | $42.82 | $16.16 | $473.34 |
| 12 | $42.82 | $0.21 | $42.82 | $0.00 | $16.37 | $516.37 |