Amortization Schedule

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

Total Payments
$1,014.60
Total Interest
$14.60
Number of Monthly Payments
6
Monthly Payment
$169.10
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$4.16$164.94$835.06$4.16$169.10
2$835.06$3.47$165.63$669.43$7.63$338.20
3$669.43$2.78$166.32$503.11$10.41$507.30
4$503.11$2.09$167.01$336.10$12.51$676.40
5$336.10$1.40$167.70$168.40$13.90$845.50
6$168.40$0.70$168.40$-0.00$14.60$1,014.60