Amortization Schedule

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

Total Payments
$105.76
Total Interest
$62.38
Number of Monthly Payments
12
Monthly Payment
$8.81
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$43.38$7.52$1.29$42.09$7.52$8.81
2$42.09$7.29$1.52$40.57$14.81$17.63
3$40.57$7.03$1.78$38.78$21.85$26.44
4$38.78$6.72$2.09$36.69$28.57$35.25
5$36.69$6.36$2.45$34.24$34.93$44.07
6$34.24$5.93$2.88$31.36$40.86$52.88
7$31.36$5.44$3.38$27.98$46.30$61.70
8$27.98$4.85$3.96$24.02$51.15$70.51
9$24.02$4.16$4.65$19.37$55.31$79.32
10$19.37$3.36$5.46$13.91$58.67$88.14
11$13.91$2.41$6.40$7.51$61.08$96.95
12$7.51$1.30$7.51$-0.00$62.38$105.76