Amortization Schedule

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

Total Payments
$1,554.93
Total Interest
$554.93
Number of Monthly Payments
4
Monthly Payment
$388.73
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$203.33$185.40$814.60$203.33$388.73
2$814.60$165.64$223.10$591.51$368.97$777.46
3$591.51$120.27$268.46$323.05$489.24$1,166.20
4$323.05$65.69$323.05$0.00$554.93$1,554.93