Amortization Schedule

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

Total Payments
$1.86
Total Interest
$0.37
Number of Monthly Payments
30
Monthly Payment
$0.06
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1.49$0.02$0.04$1.45$0.02$0.06
2$1.45$0.02$0.04$1.41$0.04$0.12
3$1.41$0.02$0.04$1.37$0.06$0.19
4$1.37$0.02$0.04$1.33$0.09$0.25
5$1.33$0.02$0.04$1.29$0.11$0.31
6$1.29$0.02$0.04$1.24$0.12$0.37
7$1.24$0.02$0.04$1.20$0.14$0.43
8$1.20$0.02$0.04$1.15$0.16$0.50
9$1.15$0.02$0.04$1.11$0.18$0.56
10$1.11$0.02$0.05$1.06$0.19$0.62
11$1.06$0.02$0.05$1.02$0.21$0.68
12$1.02$0.02$0.05$0.97$0.23$0.74
13$0.97$0.01$0.05$0.92$0.24$0.81
14$0.92$0.01$0.05$0.88$0.25$0.87
15$0.88$0.01$0.05$0.83$0.27$0.93
16$0.83$0.01$0.05$0.78$0.28$0.99
17$0.78$0.01$0.05$0.73$0.29$1.05
18$0.73$0.01$0.05$0.68$0.30$1.12
19$0.68$0.01$0.05$0.62$0.31$1.18
20$0.62$0.01$0.05$0.57$0.32$1.24
21$0.57$0.01$0.05$0.52$0.33$1.30
22$0.52$0.01$0.05$0.46$0.34$1.36
23$0.46$0.01$0.06$0.41$0.34$1.43
24$0.41$0.01$0.06$0.35$0.35$1.49
25$0.35$0.01$0.06$0.30$0.36$1.55
26$0.30$0.00$0.06$0.24$0.36$1.61
27$0.24$0.00$0.06$0.18$0.36$1.67
28$0.18$0.00$0.06$0.12$0.37$1.74
29$0.12$0.00$0.06$0.06$0.37$1.80
30$0.06$0.00$0.06$0.00$0.37$1.86