Amortization Schedule

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

Total Payments
$1,071.82
Total Interest
$71.82
Number of Monthly Payments
6
Monthly Payment
$178.64
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$20.18$158.45$841.55$20.18$178.64
2$841.55$16.99$161.65$679.90$37.17$357.27
3$679.90$13.72$164.91$514.98$50.89$535.91
4$514.98$10.39$168.24$346.74$61.29$714.55
5$346.74$7.00$171.64$175.10$68.28$893.18
6$175.10$3.53$175.10$-0.00$71.82$1,071.82