Amortization Schedule

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

Total Payments
$10,074.12
Total Interest
$74.12
Number of Monthly Payments
5
Monthly Payment
$2,014.82
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$24.67$1,990.16$8,009.84$24.67$2,014.82
2$8,009.84$19.76$1,995.07$6,014.78$44.42$4,029.65
3$6,014.78$14.84$1,999.99$4,014.79$59.26$6,044.47
4$4,014.79$9.90$2,004.92$2,009.87$69.16$8,059.30
5$2,009.87$4.96$2,009.87$-0.00$74.12$10,074.12