Amortization Schedule

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

Total Payments
$1,008.74
Total Interest
$8.74
Number of Monthly Payments
6
Monthly Payment
$168.12
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$2.49$165.63$834.37$2.49$168.12
2$834.37$2.08$166.04$668.32$4.57$336.25
3$668.32$1.67$166.46$501.87$6.24$504.37
4$501.87$1.25$166.87$334.99$7.49$672.49
5$334.99$0.83$167.29$167.71$8.32$840.62
6$167.71$0.42$167.71$-0.00$8.74$1,008.74