Amortization Schedule

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

Total Payments
$1,001.02
Total Interest
$1.02
Number of Monthly Payments
6
Monthly Payment
$166.84
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$0.29$166.55$833.45$0.29$166.84
2$833.45$0.24$166.59$666.86$0.53$333.67
3$666.86$0.19$166.64$500.22$0.73$500.51
4$500.22$0.15$166.69$333.53$0.88$667.35
5$333.53$0.10$166.74$166.79$0.97$834.18
6$166.79$0.05$166.79$-0.00$1.02$1,001.02