Amortization Schedule

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

Total Payments
$1,041.44
Total Interest
$41.44
Number of Monthly Payments
2
Monthly Payment
$520.72
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$27.50$493.22$506.78$27.50$520.72
2$506.78$13.94$506.78$0.00$41.44$1,041.44