Amortization Schedule

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

Total Payments
$1,019.92
Total Interest
$19.92
Number of Monthly Payments
2
Monthly Payment
$509.96
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$13.25$496.71$503.29$13.25$509.96
2$503.29$6.67$503.29$-0.00$19.92$1,019.92