Amortization Schedule

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

Total Payments
$1,006.68
Total Interest
$6.68
Number of Monthly Payments
4
Monthly Payment
$251.67
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$2.67$249.00$751.00$2.67$251.67
2$751.00$2.00$249.67$501.33$4.67$503.34
3$501.33$1.34$250.33$251.00$6.01$755.01
4$251.00$0.67$251.00$-0.00$6.68$1,006.68