Amortization Schedule

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

Total Payments
$11.95
Total Interest
$1.95
Number of Monthly Payments
5
Monthly Payment
$2.39
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10.00$0.63$1.77$8.23$0.63$2.39
2$8.23$0.51$1.88$6.36$1.14$4.78
3$6.36$0.40$1.99$4.37$1.54$7.17
4$4.37$0.27$2.12$2.25$1.81$9.56
5$2.25$0.14$2.25$0.00$1.95$11.95