Amortization Schedule

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

Total Payments
$1,066.47
Total Interest
$8.83
Number of Monthly Payments
4
Monthly Payment
$266.62
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,057.64$3.53$263.09$794.55$3.53$266.62
2$794.55$2.65$263.97$530.58$6.17$533.23
3$530.58$1.77$264.85$265.73$7.94$799.85
4$265.73$0.89$265.73$0.00$8.83$1,066.47