Amortization Schedule

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

Total Payments
$1,002.92
Total Interest
$2.92
Number of Monthly Payments
6
Monthly Payment
$167.15
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$0.83$166.32$833.68$0.83$167.15
2$833.68$0.69$166.46$667.22$1.53$334.31
3$667.22$0.56$166.60$500.62$2.08$501.46
4$500.62$0.42$166.74$333.89$2.50$668.61
5$333.89$0.28$166.87$167.01$2.78$835.77
6$167.01$0.14$167.01$-0.00$2.92$1,002.92