Amortization Schedule

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

Total Payments
$1,019.04
Total Interest
$19.04
Number of Monthly Payments
6
Monthly Payment
$169.84
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$5.42$164.42$835.58$5.42$169.84
2$835.58$4.53$165.31$670.26$9.94$339.68
3$670.26$3.63$166.21$504.05$13.57$509.52
4$504.05$2.73$167.11$336.94$16.30$679.36
5$336.94$1.83$168.02$168.93$18.13$849.20
6$168.93$0.92$168.93$-0.00$19.04$1,019.04