Amortization Schedule

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

Total Payments
$1,105.60
Total Interest
$105.60
Number of Monthly Payments
6
Monthly Payment
$184.27
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$29.46$154.81$845.19$29.46$184.27
2$845.19$24.90$159.37$685.82$54.36$368.53
3$685.82$20.20$164.06$521.76$74.56$552.80
4$521.76$15.37$168.90$352.86$89.93$737.06
5$352.86$10.39$173.87$178.99$100.32$921.33
6$178.99$5.27$178.99$0.00$105.60$1,105.60