Amortization Schedule

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

Total Payments
$10,062.58
Total Interest
$62.58
Number of Monthly Payments
4
Monthly Payment
$2,515.64
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$25.00$2,490.64$7,509.36$25.00$2,515.64
2$7,509.36$18.77$2,496.87$5,012.48$43.77$5,031.29
3$5,012.48$12.53$2,503.11$2,509.37$56.30$7,546.93
4$2,509.37$6.27$2,509.37$-0.00$62.58$10,062.58