Amortization Schedule

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

Total Payments
$1,029.37
Total Interest
$29.37
Number of Monthly Payments
6
Monthly Payment
$171.56
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$8.33$163.23$836.77$8.33$171.56
2$836.77$6.97$164.59$672.18$15.31$343.12
3$672.18$5.60$165.96$506.22$20.91$514.68
4$506.22$4.22$167.34$338.88$25.13$686.25
5$338.88$2.82$168.74$170.14$27.95$857.81
6$170.14$1.42$170.14$-0.00$29.37$1,029.37