Amortization Schedule

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

Total Payments
$11,019.60
Total Interest
$1,019.60
Number of Monthly Payments
4
Monthly Payment
$2,754.90
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$400.00$2,354.90$7,645.10$400.00$2,754.90
2$7,645.10$305.80$2,449.10$5,196.00$705.80$5,509.80
3$5,196.00$207.84$2,547.06$2,648.94$913.64$8,264.70
4$2,648.94$105.96$2,648.94$0.00$1,019.60$11,019.60