Amortization Schedule
Amount of Loan
Annual Interest Rate (in percent)
Length of Loan (in months)
Total Payments
$1,025.07
Total Interest
$25.07
Number of Monthly Payments
2
Monthly Payment
$512.53
Payment Number
Beginning Balance
Interest Payment
Principal Payment
Ending Balance
Cumulative Interest
Cumulative Payments
1
$1,000.00
$16.67
$495.87
$504.13
$16.67
$512.53
2
$504.13
$8.40
$504.13
$-0.00
$25.07
$1,025.07