Amortization Schedule

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

Total Payments
$12.30
Total Interest
$2.30
Number of Monthly Payments
2
Monthly Payment
$6.15
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10.00$1.50$4.65$5.35$1.50$6.15
2$5.35$0.80$5.35$-0.00$2.30$12.30