Amortization Schedule

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

Total Payments
$55,210.97
Total Interest
$210.97
Number of Monthly Payments
3
Monthly Payment
$18,403.66
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$55,000.00$105.42$18,298.24$36,701.76$105.42$18,403.66
2$36,701.76$70.35$18,333.31$18,368.45$175.76$36,807.31
3$18,368.45$35.21$18,368.45$-0.00$210.97$55,210.97