Amortization Schedule

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

Total Payments
$1,730.14
Total Interest
$730.14
Number of Monthly Payments
6
Monthly Payment
$288.36
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$183.33$105.02$894.98$183.33$288.36
2$894.98$164.08$124.28$770.70$347.41$576.71
3$770.70$141.29$147.06$623.64$488.71$865.07
4$623.64$114.33$174.02$449.61$603.04$1,153.43
5$449.61$82.43$205.93$243.68$685.47$1,441.79
6$243.68$44.68$243.68$0.00$730.14$1,730.14