Amortization Schedule

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

Total Payments
$1,010.96
Total Interest
$10.96
Number of Monthly Payments
4
Monthly Payment
$252.74
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$4.38$248.37$751.63$4.38$252.74
2$751.63$3.29$249.45$502.18$7.66$505.48
3$502.18$2.20$250.54$251.64$9.86$758.22
4$251.64$1.10$251.64$0.00$10.96$1,010.96