Amortization Schedule

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

Total Payments
$1,013.05
Total Interest
$13.05
Number of Monthly Payments
4
Monthly Payment
$253.26
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$5.21$248.06$751.94$5.21$253.26
2$751.94$3.92$249.35$502.60$9.12$506.53
3$502.60$2.62$250.65$251.95$11.74$759.79
4$251.95$1.31$251.95$-0.00$13.05$1,013.05