Amortization Schedule

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

Total Payments
$1,047.75
Total Interest
$47.75
Number of Monthly Payments
2
Monthly Payment
$523.87
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$31.67$492.21$507.79$31.67$523.87
2$507.79$16.08$507.79$0.00$47.75$1,047.75