Amortization Schedule

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

Total Payments
$10,633.59
Total Interest
$633.59
Number of Monthly Payments
5
Monthly Payment
$2,126.72
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$208.33$1,918.38$8,081.62$208.33$2,126.72
2$8,081.62$168.37$1,958.35$6,123.26$376.70$4,253.44
3$6,123.26$127.57$1,999.15$4,124.11$504.27$6,380.15
4$4,124.11$85.92$2,040.80$2,083.32$590.19$8,506.87
5$2,083.32$43.40$2,083.32$-0.00$633.59$10,633.59