Amortization Schedule

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

Total Payments
$1.60
Total Interest
$1.56
Number of Monthly Payments
12
Monthly Payment
$0.13
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$0.04$0.13$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.04$0.13$0.13
2$0.04$0.13$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.04$0.27$0.27
3$0.04$0.13$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.04$0.40$0.40
4$0.04$0.13$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.04$0.53$0.53
5$0.04$0.13$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.04$0.67$0.67
6$0.04$0.13$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.04$0.80$0.80
7$0.04$0.13$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.04$0.93$0.93
8$0.04$0.13$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.04$1.07$1.07
9$0.04$0.13$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.04$1.20$1.20
10$0.04$0.13$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.04$1.33$1.33
11$0.04$0.13$0.01 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.03$1.46$1.47
12$0.03$0.10$0.03$-0.00$1.56$1.60