Amortization Schedule

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

Total Payments
$1,345.01
Total Interest
$45.01
Number of Monthly Payments
4.5
Monthly Payment
$298.89
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,300.00$16.25$282.64$1,017.36$16.25$298.89
2$1,017.36$12.72$286.17$731.18$28.97$597.78
3$731.18$9.14$289.75$441.43$38.11$896.67
4$441.43$5.52$293.37$148.06$43.62$1,195.57