Amortization Schedule

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

Total Payments
$1,005.63
Total Interest
$5.63
Number of Monthly Payments
2
Monthly Payment
$502.81
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$3.75$499.06$500.94$3.75$502.81
2$500.94$1.88$500.94$-0.00$5.63$1,005.63