Amortization Schedule

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

Total Payments
$1,008.77
Total Interest
$8.77
Number of Monthly Payments
6
Monthly Payment
$168.13
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$2.50$165.63$834.37$2.50$168.13
2$834.37$2.09$166.04$668.33$4.59$336.26
3$668.33$1.67$166.46$501.87$6.26$504.38
4$501.87$1.25$166.87$335.00$7.51$672.51
5$335.00$0.84$167.29$167.71$8.35$840.64
6$167.71$0.42$167.71$-0.00$8.77$1,008.77