Amortization Schedule

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

Total Payments
$1,009.39
Total Interest
$9.39
Number of Monthly Payments
5
Monthly Payment
$201.88
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$3.13$198.75$801.25$3.13$201.88
2$801.25$2.50$199.38$601.87$5.63$403.76
3$601.87$1.88$200.00$401.87$7.51$605.64
4$401.87$1.26$200.62$201.25$8.77$807.52
5$201.25$0.63$201.25$0.00$9.39$1,009.39