Amortization Schedule

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

Total Payments
$1.03
Total Interest
$0.53
Number of Monthly Payments
12
Monthly Payment
$0.09
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$0.50$0.07$0.02$0.48$0.07$0.09
2$0.48$0.06$0.02$0.46$0.13$0.17
3$0.46$0.06$0.02$0.43$0.19$0.26
4$0.43$0.06$0.03$0.41$0.25$0.34
5$0.41$0.05$0.03$0.38$0.30$0.43
6$0.38$0.05$0.04$0.34$0.35$0.51
7$0.34$0.05$0.04$0.30$0.40$0.60
8$0.30$0.04$0.05$0.25$0.44$0.69
9$0.25$0.03$0.05$0.20$0.47$0.77
10$0.20$0.03$0.06$0.14$0.50$0.86
11$0.14$0.02$0.07$0.08$0.52$0.94
12$0.08$0.01$0.08$0.00$0.53$1.03