Amortization Schedule

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

Total Payments
$1,010.42
Total Interest
$10.42
Number of Monthly Payments
4
Monthly Payment
$252.60
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$4.16$248.45$751.55$4.16$252.60
2$751.55$3.13$249.48$502.07$7.28$505.21
3$502.07$2.09$250.52$251.56$9.37$757.81
4$251.56$1.05$251.56$-0.00$10.42$1,010.42