Amortization Schedule

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

Total Payments
$1,260.05
Total Interest
$60.05
Number of Monthly Payments
5
Monthly Payment
$252.01
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,200.00$19.80$232.21$967.79$19.80$252.01
2$967.79$15.97$236.04$731.75$35.77$504.02
3$731.75$12.07$239.94$491.81$47.84$756.03
4$491.81$8.11$243.89$247.92$55.96$1,008.04
5$247.92$4.09$247.92$-0.00$60.05$1,260.05