Amortization Schedule

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

Total Payments
$10,046.90
Total Interest
$46.90
Number of Monthly Payments
2
Monthly Payment
$5,023.45
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$31.25$4,992.20$5,007.80$31.25$5,023.45
2$5,007.80$15.65$5,007.80$0.00$46.90$10,046.90