Amortization Schedule

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

Total Payments
$1,018.61
Total Interest
$18.61
Number of Monthly Payments
4
Monthly Payment
$254.65
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$7.42$247.24$752.76$7.42$254.65
2$752.76$5.58$249.07$503.69$13.00$509.31
3$503.69$3.74$250.92$252.78$16.74$763.96
4$252.78$1.87$252.78$-0.00$18.61$1,018.61