Amortization Schedule

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

Total Payments
$1,001.98
Total Interest
$1.98
Number of Monthly Payments
6
Monthly Payment
$167.00
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$0.57$166.43$833.57$0.57$167.00
2$833.57$0.47$166.53$667.04$1.04$333.99
3$667.04$0.38$166.62$500.42$1.42$500.99
4$500.42$0.28$166.71$333.71$1.70$667.99
5$333.71$0.19$166.81$166.90$1.89$834.99
6$166.90$0.09$166.90$-0.00$1.98$1,001.98