Amortization Schedule

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

Total Payments
$153.52
Total Interest
$3.52
Number of Monthly Payments
7
Monthly Payment
$21.93
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$150.00$0.88$21.06$128.94$0.88$21.93
2$128.94$0.75$21.18$107.76$1.63$43.86
3$107.76$0.63$21.30$86.46$2.26$65.79
4$86.46$0.50$21.43$65.03$2.76$87.73
5$65.03$0.38$21.55$43.48$3.14$109.66
6$43.48$0.25$21.68$21.80$3.39$131.59
7$21.80$0.13$21.80$0.00$3.52$153.52