Amortization Schedule

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

Total Payments
$10,068.80
Total Interest
$68.80
Number of Monthly Payments
2
Monthly Payment
$5,034.40
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$45.83$4,988.57$5,011.43$45.83$5,034.40
2$5,011.43$22.97$5,011.43$0.00$68.80$10,068.80