Amortization Schedule

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

Total Payments
$1,000.15
Total Interest
$0.15
Number of Monthly Payments
6
Monthly Payment
$166.69
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$0.04$166.65$833.35$0.04$166.69
2$833.35$0.03$166.66$666.69$0.08$333.38
3$666.69$0.03$166.66$500.03$0.10$500.07
4$500.03$0.02$166.67$333.36$0.13$666.76
5$333.36$0.01$166.68$166.68$0.14$833.45
6$166.68$0.01$166.68$0.00$0.15$1,000.15