Amortization Schedule

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

Total Payments
$1,020.71
Total Interest
$20.71
Number of Monthly Payments
4
Monthly Payment
$255.18
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$8.25$246.93$753.07$8.25$255.18
2$753.07$6.21$248.96$504.11$14.46$510.35
3$504.11$4.16$251.02$253.09$18.62$765.53
4$253.09$2.09$253.09$0.00$20.71$1,020.71