Amortization Schedule

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

Total Payments
$10,439.60
Total Interest
$439.60
Number of Monthly Payments
2
Monthly Payment
$5,219.80
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$291.67$4,928.13$5,071.87$291.67$5,219.80
2$5,071.87$147.93$5,071.87$-0.00$439.60$10,439.60