Amortization Schedule

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

Total Payments
$10,454.47
Total Interest
$454.47
Number of Monthly Payments
5
Monthly Payment
$2,090.89
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$150.00$1,940.89$8,059.11$150.00$2,090.89
2$8,059.11$120.89$1,970.01$6,089.10$270.89$4,181.79
3$6,089.10$91.34$1,999.56$4,089.54$362.22$6,272.68
4$4,089.54$61.34$2,029.55$2,059.99$423.57$8,363.57
5$2,059.99$30.90$2,059.99$-0.00$454.47$10,454.47