Amortization Schedule

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

Total Payments
$1,691.26
Total Interest
$691.26
Number of Monthly Payments
4
Monthly Payment
$422.81
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$249.17$173.65$826.35$249.17$422.81
2$826.35$205.90$216.91$609.44$455.07$845.63
3$609.44$151.85$270.96$338.48$606.92$1,268.44
4$338.48$84.34$338.48$0.00$691.26$1,691.26