Amortization Schedule

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

Total Payments
$1,171.75
Total Interest
$171.75
Number of Monthly Payments
2
Monthly Payment
$585.87
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$112.50$473.37$526.63$112.50$585.87
2$526.63$59.25$526.63$0.00$171.75$1,171.75