Amortization Schedule

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

Total Payments
$1,016.28
Total Interest
$16.28
Number of Monthly Payments
2
Monthly Payment
$508.14
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$10.83$497.31$502.69$10.83$508.14
2$502.69$5.45$502.69$-0.00$16.28$1,016.28