Amortization Schedule

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

Total Payments
$10,502.95
Total Interest
$502.95
Number of Monthly Payments
5
Monthly Payment
$2,100.59
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$165.83$1,934.76$8,065.24$165.83$2,100.59
2$8,065.24$133.75$1,966.84$6,098.40$299.58$4,201.18
3$6,098.40$101.13$1,999.46$4,098.94$400.71$6,301.77
4$4,098.94$67.97$2,032.62$2,066.32$468.69$8,402.36
5$2,066.32$34.27$2,066.32$0.00$502.95$10,502.95