Amortization Schedule

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

Total Payments
$1,065.90
Total Interest
$65.90
Number of Monthly Payments
5
Monthly Payment
$213.18
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$21.66$191.52$808.48$21.66$213.18
2$808.48$17.51$195.67$612.81$39.17$426.36
3$612.81$13.27$199.91$412.90$52.44$639.54
4$412.90$8.94$204.24$208.66$61.38$852.72
5$208.66$4.52$208.66$0.00$65.90$1,065.90