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| Payment Number | Beginning Balance | Interest Payment | Principal Payment | Ending Balance | Cumulative Interest | Cumulative Payments |
|---|---|---|---|---|---|---|
| 1 | $50,000.00 | $291.67 | $7,018.83 | $42,981.17 | $291.67 | $7,310.49 |
| 2 | $42,981.17 | $250.72 | $7,059.77 | $35,921.40 | $542.39 | $14,620.99 |
| 3 | $35,921.40 | $209.54 | $7,100.95 | $28,820.45 | $751.93 | $21,931.48 |
| 4 | $28,820.45 | $168.12 | $7,142.37 | $21,678.08 | $920.05 | $29,241.97 |
| 5 | $21,678.08 | $126.46 | $7,184.04 | $14,494.04 | $1,046.51 | $36,552.47 |
| 6 | $14,494.04 | $84.55 | $7,225.94 | $7,268.10 | $1,131.06 | $43,862.96 |
| 7 | $7,268.10 | $42.40 | $7,268.10 | $0.00 | $1,173.45 | $51,173.45 |