Amortization Schedule

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

Total Payments
$1,060.14
Total Interest
$60.14
Number of Monthly Payments
2
Monthly Payment
$530.07
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$39.83$490.24$509.76$39.83$530.07
2$509.76$20.31$509.76$0.00$60.14$1,060.14