Amortization Schedule

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

Total Payments
$0.90
Total Interest
$0.80
Number of Monthly Payments
12
Monthly Payment
$0.08
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$0.10$0.08$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.10$0.08$0.08
2$0.10$0.08$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.10$0.15$0.15
3$0.10$0.07$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.10$0.23$0.23
4$0.10$0.07$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.10$0.30$0.30
5$0.10$0.07$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.10$0.37$0.38
6$0.10$0.07$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.10$0.45$0.45
7$0.10$0.07$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.09$0.52$0.53
8$0.09$0.07$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.09$0.59$0.60
9$0.09$0.07$0.01 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$0.08$0.66$0.68
10$0.08$0.06$0.01$0.07$0.72$0.75
11$0.07$0.05$0.02$0.04$0.77$0.83
12$0.04$0.03$0.04$0.00$0.80$0.90