Amortization Schedule

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

Total Payments
$1,040.35
Total Interest
$40.35
Number of Monthly Payments
5
Monthly Payment
$208.07
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$13.33$194.74$805.26$13.33$208.07
2$805.26$10.74$197.33$607.93$24.07$416.14
3$607.93$8.11$199.96$407.96$32.18$624.21
4$407.96$5.44$202.63$205.33$37.62$832.28
5$205.33$2.74$205.33$0.00$40.35$1,040.35