Amortization Schedule

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

Total Payments
$1,157.19
Total Interest
$7.19
Number of Monthly Payments
2
Monthly Payment
$578.60
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,150.00$4.79$573.80$576.20$4.79$578.60
2$576.20$2.40$576.20$-0.00$7.19$1,157.19