Amortization Schedule

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

Total Payments
$1,268.78
Total Interest
$18.78
Number of Monthly Payments
2
Monthly Payment
$634.39
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,250.00$12.50$621.89$628.11$12.50$634.39
2$628.11$6.28$628.11$0.00$18.78$1,268.78