Amortization Schedule

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

Total Payments
$1,009.50
Total Interest
$9.50
Number of Monthly Payments
6
Monthly Payment
$168.25
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$2.71$165.54$834.46$2.71$168.25
2$834.46$2.26$165.99$668.47$4.97$336.50
3$668.47$1.81$166.44$502.03$6.78$504.75
4$502.03$1.36$166.89$335.14$8.14$673.00
5$335.14$0.91$167.34$167.80$9.05$841.25
6$167.80$0.45$167.80$-0.00$9.50$1,009.50