Amortization Schedule

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

Total Payments
$1.29
Total Interest
$0.29
Number of Monthly Payments
12
Monthly Payment
$0.11
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1.00$0.04$0.07$0.93$0.04$0.11
2$0.93$0.04$0.07$0.87$0.08$0.22
3$0.87$0.04$0.07$0.79$0.12$0.32
4$0.79$0.03$0.07$0.72$0.15$0.43
5$0.72$0.03$0.08$0.64$0.18$0.54
6$0.64$0.03$0.08$0.56$0.21$0.65
7$0.56$0.02$0.08$0.48$0.23$0.75
8$0.48$0.02$0.09$0.39$0.25$0.86
9$0.39$0.02$0.09$0.30$0.27$0.97
10$0.30$0.01$0.10$0.20$0.28$1.08
11$0.20$0.01$0.10$0.10$0.29$1.18
12$0.10$0.00$0.10$0.00$0.29$1.29