Amortization Schedule

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

Total Payments
$1,019.63
Total Interest
$19.63
Number of Monthly Payments
6
Monthly Payment
$169.94
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$5.58$164.36$835.64$5.58$169.94
2$835.64$4.67$165.27$670.37$10.25$339.88
3$670.37$3.74$166.20$504.18$13.99$509.82
4$504.18$2.81$167.12$337.05$16.81$679.75
5$337.05$1.88$168.06$169.00$18.69$849.69
6$169.00$0.94$169.00$-0.00$19.63$1,019.63