Amortization Schedule

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

Total Payments
$1,015.02
Total Interest
$15.02
Number of Monthly Payments
2
Monthly Payment
$507.51
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$10.00$497.51$502.49$10.00$507.51
2$502.49$5.02$502.49$0.00$15.02$1,015.02