Amortization Schedule

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

Total Payments
$1,036.39
Total Interest
$36.39
Number of Monthly Payments
2
Monthly Payment
$518.20
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$24.17$494.03$505.97$24.17$518.20
2$505.97$12.23$505.97$0.00$36.39$1,036.39