Amortization Schedule

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

Total Payments
$10,575.94
Total Interest
$125.94
Number of Monthly Payments
2.5
Monthly Payment
$4,230.38
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,450.00$71.84$4,158.53$6,291.47$71.84$4,230.38
2$6,291.47$43.25$4,187.12$2,104.34$115.10$8,460.75