Amortization Schedule

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

Total Payments
$2.55
Total Interest
$0.67
Number of Monthly Payments
30
Monthly Payment
$0.08
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1.88$0.04$0.05$1.83$0.04$0.08
2$1.83$0.04$0.05$1.79$0.08$0.17
3$1.79$0.04$0.05$1.74$0.11$0.25
4$1.74$0.04$0.05$1.69$0.15$0.34
5$1.69$0.04$0.05$1.64$0.19$0.42
6$1.64$0.03$0.05$1.59$0.22$0.51
7$1.59$0.03$0.05$1.54$0.25$0.59
8$1.54$0.03$0.05$1.49$0.29$0.68
9$1.49$0.03$0.05$1.43$0.32$0.76
10$1.43$0.03$0.06$1.38$0.35$0.85
11$1.38$0.03$0.06$1.32$0.38$0.93
12$1.32$0.03$0.06$1.26$0.40$1.02
13$1.26$0.03$0.06$1.21$0.43$1.10
14$1.21$0.03$0.06$1.15$0.45$1.19
15$1.15$0.02$0.06$1.08$0.48$1.27
16$1.08$0.02$0.06$1.02$0.50$1.36
17$1.02$0.02$0.06$0.96$0.52$1.44
18$0.96$0.02$0.06$0.89$0.54$1.53
19$0.89$0.02$0.07$0.83$0.56$1.61
20$0.83$0.02$0.07$0.76$0.58$1.70
21$0.76$0.02$0.07$0.69$0.59$1.78
22$0.69$0.01$0.07$0.62$0.61$1.87
23$0.62$0.01$0.07$0.55$0.62$1.95
24$0.55$0.01$0.07$0.47$0.63$2.04
25$0.47$0.01$0.08$0.40$0.64$2.12
26$0.40$0.01$0.08$0.32$0.65$2.21
27$0.32$0.01$0.08$0.24$0.66$2.29
28$0.24$0.01$0.08$0.16$0.66$2.38
29$0.16$0.00$0.08$0.08$0.67$2.46
30$0.08$0.00$0.08$-0.00$0.67$2.55