Amortization Schedule

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

Total Payments
$1,065.14
Total Interest
$65.14
Number of Monthly Payments
6
Monthly Payment
$177.52
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$18.33$159.19$840.81$18.33$177.52
2$840.81$15.41$162.11$678.70$33.75$355.05
3$678.70$12.44$165.08$513.62$46.19$532.57
4$513.62$9.42$168.11$345.52$55.61$710.09
5$345.52$6.33$171.19$174.33$61.94$887.61
6$174.33$3.20$174.33$-0.00$65.14$1,065.14