Amortization Schedule

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

Total Payments
$1,693.77
Total Interest
$693.77
Number of Monthly Payments
4
Monthly Payment
$423.44
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$250.00$173.44$826.56$250.00$423.44
2$826.56$206.64$216.80$609.76$456.64$846.88
3$609.76$152.44$271.00$338.75$609.08$1,270.33
4$338.75$84.69$338.75$0.00$693.77$1,693.77