Amortization Schedule

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

Total Payments
$1,003,301.21
Total Interest
$3,301.21
Number of Monthly Payments
2
Monthly Payment
$501,650.60
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000,000.00$2,200.00$499,450.60$500,549.40$2,200.00$501,650.60
2$500,549.40$1,101.21$500,549.40$-0.00$3,301.21$1,003,301.21