Amortization Schedule

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

Total Payments
$1,035.29
Total Interest
$35.29
Number of Monthly Payments
6
Monthly Payment
$172.55
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$10.00$162.55$837.45$10.00$172.55
2$837.45$8.37$164.17$673.28$18.37$345.10
3$673.28$6.73$165.82$507.46$25.11$517.65
4$507.46$5.07$167.47$339.99$30.18$690.19
5$339.99$3.40$169.15$170.84$33.58$862.74
6$170.84$1.71$170.84$0.00$35.29$1,035.29