Amortization Schedule

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

Total Payments
$1,856.06
Total Interest
$856.06
Number of Monthly Payments
5
Monthly Payment
$371.21
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$249.17$122.04$877.96$249.17$371.21
2$877.96$218.76$152.45$725.50$467.92$742.42
3$725.50$180.77$190.44$535.06$648.69$1,113.63
4$535.06$133.32$237.89$297.17$782.01$1,484.85
5$297.17$74.04$297.17$0.00$856.06$1,856.06