Amortization Schedule

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

Total Payments
$1,106.29
Total Interest
$106.29
Number of Monthly Payments
4
Monthly Payment
$276.57
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$41.67$234.91$765.09$41.67$276.57
2$765.09$31.88$244.69$520.40$73.55$553.15
3$520.40$21.68$254.89$265.51$95.23$829.72
4$265.51$11.06$265.51$0.00$106.29$1,106.29