By only making minimum payments it will take 14 more payments or 1.2 years to pay off the remaining balance. Interest will amount to $2,187. <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='0' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='Cumulative Interest' xAxisName='Years' numberPrefix='$' bgColor='FFFFFF' showBorder='1' borderColor='FFFFFF' borderThickness='1' canvasBgColor='ffffff' showAlternateHGridColor='0' plotGradientColor='' numberSuffix='' thousandSeparator=',' decimalSeparator='.'><categories><category label='1' /><category label='2' /></categories><dataset seriesName='Proposed'><set value='2141.0' /><set value='2187.0' /></dataset><dataset seriesName='Current'><set value='2141.0' /><set value='2187.0' /></dataset></chart>"); // --> </script> <table class='pure-table pure-table-bordered' role='grid'><tr><th scope="col">Year</th><th scope="col">Beginning Balance</th><th scope="col">Interest @ 19.490%</th><th scope="col">Annual Payment</th><th scope="col">Ending Balance</th></tr><tr><td role="rowheader" scope="row">1</td><td>$18,000</td><td>$2,141</td><td>$18,000</td><td>$2,141</td></tr><tr><td role="rowheader" scope="row">2</td><td>2,141</td><td>46</td><td>2,187</td><td>0</td></tr></table>