| Date | Beginning Balance |
Interest on Principal |
Interest on Interest |
Total Interest Added |
Ending Balance |
|---|---|---|---|---|---|
| January 1 | 1000.00 | ||||
| March 31 | 1000.00 | 25.00 | 0.00 | 25.00 | 1025.00 |
| June 30 | 1025.00 | 25.00 | 0.63 | 25.63 | 1050.63 |
| September 30 | 1050.63 | 25.00 | 1.27 | 26.27 | 1076.90 |
| December 31 | 1076.90 | 25.00 | 1.92 | 26.92 | 1103.82 |