Amortization Schedule

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

Total Payments
$1,075.61
Total Interest
$75.61
Number of Monthly Payments
2
Monthly Payment
$537.80
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$50.00$487.80$512.20$50.00$537.80
2$512.20$25.61$512.20$0.00$75.61$1,075.61