Amortization Schedule

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

Total Payments
$1,124.10
Total Interest
$124.10
Number of Monthly Payments
2
Monthly Payment
$562.05
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$81.67$480.38$519.62$81.67$562.05
2$519.62$42.44$519.62$-0.00$124.10$1,124.10