Amortization Schedule

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

Total Payments
$12,034.67
Total Interest
$34.67
Number of Monthly Payments
6
Monthly Payment
$2,005.78
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$12,000.00$9.90$1,995.88$10,004.12$9.90$2,005.78
2$10,004.12$8.25$1,997.53$8,006.60$18.15$4,011.56
3$8,006.60$6.61$1,999.17$6,007.42$24.76$6,017.34
4$6,007.42$4.96$2,000.82$4,006.60$29.71$8,023.12
5$4,006.60$3.31$2,002.47$2,004.13$33.02$10,028.89
6$2,004.13$1.65$2,004.13$0.00$34.67$12,034.67