Amortization Schedule

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

Total Payments
$1,025.07
Total Interest
$25.07
Number of Monthly Payments
2
Monthly Payment
$512.53
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$16.67$495.87$504.13$16.67$512.53
2$504.13$8.40$504.13$-0.00$25.07$1,025.07