Amortization Schedule

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

Total Payments
$10.54
Total Interest
$0.54
Number of Monthly Payments
12
Monthly Payment
$0.88
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10.00$0.08$0.80$9.20$0.08$0.88
2$9.20$0.08$0.80$8.40$0.16$1.76
3$8.40$0.07$0.81$7.59$0.23$2.64
4$7.59$0.06$0.82$6.78$0.29$3.51
5$6.78$0.06$0.82$5.95$0.35$4.39
6$5.95$0.05$0.83$5.12$0.40$5.27
7$5.12$0.04$0.84$4.29$0.44$6.15
8$4.29$0.04$0.84$3.44$0.47$7.03
9$3.44$0.03$0.85$2.59$0.50$7.91
10$2.59$0.02$0.86$1.74$0.52$8.79
11$1.74$0.01$0.86$0.87$0.54$9.67
12$0.87$0.01$0.87$0.00$0.54$10.54