Amortization Schedule

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

Total Payments
$11.61
Total Interest
$0.61
Number of Monthly Payments
11
Monthly Payment
$1.06
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11.00$0.10$0.96$10.04$0.10$1.06
2$10.04$0.09$0.96$9.08$0.19$2.11
3$9.08$0.08$0.97$8.11$0.28$3.17
4$8.11$0.07$0.98$7.13$0.35$4.22
5$7.13$0.07$0.99$6.14$0.42$5.28
6$6.14$0.06$1.00$5.14$0.47$6.34
7$5.14$0.05$1.01$4.13$0.52$7.39
8$4.13$0.04$1.02$3.11$0.56$8.45
9$3.11$0.03$1.03$2.08$0.59$9.50
10$2.08$0.02$1.04$1.05$0.60$10.56
11$1.05$0.01$1.05$0.00$0.61$11.61