Amortization Schedule

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

Total Payments
$1,024.06
Total Interest
$24.06
Number of Monthly Payments
2
Monthly Payment
$512.03
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$16.00$496.03$503.97$16.00$512.03
2$503.97$8.06$503.97$0.00$24.06$1,024.06