Amortization Schedule

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

Total Payments
$2.00
Total Interest
$0.25
Number of Monthly Payments
21
Monthly Payment
$0.10
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1.75$0.02$0.07$1.68$0.02$0.10
2$1.68$0.02$0.07$1.60$0.04$0.19
3$1.60$0.02$0.08$1.53$0.06$0.29
4$1.53$0.02$0.08$1.45$0.08$0.38
5$1.45$0.02$0.08$1.37$0.10$0.48
6$1.37$0.02$0.08$1.30$0.12$0.57
7$1.30$0.02$0.08$1.22$0.13$0.67
8$1.22$0.02$0.08$1.14$0.15$0.76
9$1.14$0.01$0.08$1.06$0.16$0.86
10$1.06$0.01$0.08$0.97$0.18$0.95
11$0.97$0.01$0.08$0.89$0.19$1.05
12$0.89$0.01$0.08$0.81$0.20$1.14
13$0.81$0.01$0.09$0.72$0.21$1.24
14$0.72$0.01$0.09$0.63$0.22$1.33
15$0.63$0.01$0.09$0.55$0.23$1.43
16$0.55$0.01$0.09$0.46$0.23$1.52
17$0.46$0.01$0.09$0.37$0.24$1.62
18$0.37$0.00$0.09$0.28$0.24$1.71
19$0.28$0.00$0.09$0.19$0.25$1.81
20$0.19$0.00$0.09$0.09$0.25$1.91
21$0.09$0.00$0.09$-0.00$0.25$2.00