Amortization Schedule

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

Total Payments
$1,116.13
Total Interest
$58.13
Number of Monthly Payments
9
Monthly Payment
$124.01
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,058.00$11.46$112.55$945.45$11.46$124.01
2$945.45$10.24$113.77$831.67$21.70$248.03
3$831.67$9.01$115.00$716.67$30.71$372.04
4$716.67$7.76$116.25$600.42$38.48$496.06
5$600.42$6.50$117.51$482.91$44.98$620.07
6$482.91$5.23$118.78$364.13$50.21$744.09
7$364.13$3.94$120.07$244.06$54.16$868.10
8$244.06$2.64$121.37$122.69$56.80$992.12
9$122.69$1.33$122.69$-0.00$58.13$1,116.13