Amortization Schedule

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

Total Payments
$1.11
Total Interest
$0.11
Number of Monthly Payments
7
Monthly Payment
$0.16
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1.00$0.03$0.13$0.87$0.03$0.16
2$0.87$0.02$0.14$0.73$0.05$0.32
3$0.73$0.02$0.14$0.59$0.07$0.48
4$0.59$0.02$0.14$0.45$0.09$0.64
5$0.45$0.01$0.15$0.31$0.10$0.79
6$0.31$0.01$0.15$0.15$0.11$0.95
7$0.15$0.00$0.15$0.00$0.11$1.11