Amortization Schedule

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

Total Payments
$10,511.90
Total Interest
$511.90
Number of Monthly Payments
5
Monthly Payment
$2,102.38
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$168.75$1,933.63$8,066.37$168.75$2,102.38
2$8,066.37$136.12$1,966.26$6,100.11$304.87$4,204.76
3$6,100.11$102.94$1,999.44$4,100.67$407.81$6,307.14
4$4,100.67$69.20$2,033.18$2,067.49$477.01$8,409.52
5$2,067.49$34.89$2,067.49$-0.00$511.90$10,511.90