Amortization Schedule

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

Total Payments
$1.05
Total Interest
$0.05
Number of Monthly Payments
24
Monthly Payment
$0.04
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1.00$0.00$0.04$0.96$0.00$0.04
2$0.96$0.00$0.04$0.92$0.01$0.09
3$0.92$0.00$0.04$0.88$0.01$0.13
4$0.88$0.00$0.04$0.84$0.02$0.18
5$0.84$0.00$0.04$0.80$0.02$0.22
6$0.80$0.00$0.04$0.76$0.02$0.26
7$0.76$0.00$0.04$0.72$0.03$0.31
8$0.72$0.00$0.04$0.68$0.03$0.35
9$0.68$0.00$0.04$0.64$0.03$0.39
10$0.64$0.00$0.04$0.60$0.03$0.44
11$0.60$0.00$0.04$0.55$0.04$0.48
12$0.55$0.00$0.04$0.51$0.04$0.53
13$0.51$0.00$0.04$0.47$0.04$0.57
14$0.47$0.00$0.04$0.43$0.04$0.61
15$0.43$0.00$0.04$0.39$0.04$0.66
16$0.39$0.00$0.04$0.34$0.05$0.70
17$0.34$0.00$0.04$0.30$0.05$0.75
18$0.30$0.00$0.04$0.26$0.05$0.79
19$0.26$0.00$0.04$0.22$0.05$0.83
20$0.22$0.00$0.04$0.17$0.05$0.88
21$0.17$0.00$0.04$0.13$0.05$0.92
22$0.13$0.00$0.04$0.09$0.05$0.97
23$0.09$0.00$0.04$0.04$0.05$1.01
24$0.04$0.00$0.04$-0.00$0.05$1.05