Amortization Schedule

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

Total Payments
$10.63
Total Interest
$0.63
Number of Monthly Payments
5
Monthly Payment
$2.13
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10.00$0.21$1.92$8.08$0.21$2.13
2$8.08$0.17$1.96$6.12$0.38$4.25
3$6.12$0.13$2.00$4.12$0.50$6.38
4$4.12$0.09$2.04$2.08$0.59$8.51
5$2.08$0.04$2.08$-0.00$0.63$10.63