Amortization Schedule

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

Total Payments
$1,032.60
Total Interest
$32.60
Number of Monthly Payments
2
Monthly Payment
$516.30
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$21.66$494.64$505.36$21.66$516.30
2$505.36$10.95$505.36$-0.00$32.60$1,032.60