Amortization Schedule

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

Total Payments
$11.36
Total Interest
$0.36
Number of Monthly Payments
12
Monthly Payment
$0.95
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11.00$0.05$0.89$10.11$0.05$0.95
2$10.11$0.05$0.90$9.21$0.11$1.89
3$9.21$0.05$0.90$8.31$0.15$2.84
4$8.31$0.04$0.91$7.41$0.19$3.79
5$7.41$0.04$0.91$6.50$0.23$4.73
6$6.50$0.03$0.91$5.58$0.26$5.68
7$5.58$0.03$0.92$4.66$0.29$6.63
8$4.66$0.02$0.92$3.74$0.31$7.57
9$3.74$0.02$0.93$2.81$0.33$8.52
10$2.81$0.01$0.93$1.88$0.35$9.47
11$1.88$0.01$0.94$0.94$0.36$10.41
12$0.94$0.00$0.94$-0.00$0.36$11.36