Amortization Schedule

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

Total Payments
$1,022.54
Total Interest
$22.54
Number of Monthly Payments
2
Monthly Payment
$511.27
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$14.99$496.28$503.72$14.99$511.27
2$503.72$7.55$503.72$0.00$22.54$1,022.54