Amortization Schedule

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

Total Payments
$1,029.34
Total Interest
$29.34
Number of Monthly Payments
4
Monthly Payment
$257.33
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$11.67$245.67$754.33$11.67$257.33
2$754.33$8.80$248.53$505.80$20.47$514.67
3$505.80$5.90$251.43$254.37$26.37$772.00
4$254.37$2.97$254.37$0.00$29.34$1,029.34