Amortization Schedule

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

Total Payments
$0.80
Total Interest
$0.70
Number of Monthly Payments
12
Monthly Payment
$0.07
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$0.10$0.07$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.10$0.07$0.07
2$0.10$0.07$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.10$0.13$0.13
3$0.10$0.07$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.10$0.20$0.20
4$0.10$0.07$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.10$0.27$0.27
5$0.10$0.07$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.10$0.33$0.33
6$0.10$0.06$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.10$0.40$0.40
7$0.10$0.06$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.09$0.46$0.47
8$0.09$0.06$0.01 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.09$0.52$0.53
9$0.09$0.06$0.01 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.08$0.58$0.60
10$0.08$0.05$0.01$0.06$0.63$0.67
11$0.06$0.04$0.02$0.04$0.67$0.73
12$0.04$0.03$0.04$-0.00$0.70$0.80