Amortization Schedule

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

Total Payments
$1,233.10
Total Interest
$33.10
Number of Monthly Payments
2
Monthly Payment
$616.55
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,200.00$22.00$594.55$605.45$22.00$616.55
2$605.45$11.10$605.45$-0.00$33.10$1,233.10