Amortization Schedule

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

Total Payments
$283.35
Total Interest
$133.35
Number of Monthly Payments
7
Monthly Payment
$40.48
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$150.00$28.50$11.98$138.02$28.50$40.48
2$138.02$26.22$14.25$123.77$54.72$80.96
3$123.77$23.52$16.96$106.81$78.24$121.43
4$106.81$20.29$20.19$86.62$98.53$161.91
5$86.62$16.46$24.02$62.60$114.99$202.39
6$62.60$11.89$28.58$34.02$126.88$242.87
7$34.02$6.46$34.02$0.00$133.35$283.35