Amortization Schedule

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

Total Payments
$1,209.37
Total Interest
$209.37
Number of Monthly Payments
2
Monthly Payment
$604.69
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$136.67$468.02$531.98$136.67$604.69
2$531.98$72.70$531.98$0.00$209.37$1,209.37