Amortization Schedule

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

Total Payments
$1,846.52
Total Interest
$846.52
Number of Monthly Payments
4
Monthly Payment
$461.63
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$300.00$161.63$838.37$300.00$461.63
2$838.37$251.51$210.12$628.25$551.51$923.26
3$628.25$188.48$273.15$355.10$739.99$1,384.89
4$355.10$106.53$355.10$0.00$846.52$1,846.52