Amortization Schedule

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

Total Payments
$1.13
Total Interest
$0.13
Number of Monthly Payments
2
Monthly Payment
$0.56
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1.00$0.08$0.48$0.52$0.08$0.56
2$0.52$0.04$0.52$-0.00$0.13$1.13