Amortization Schedule

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

Total Payments
$10.73
Total Interest
$0.73
Number of Monthly Payments
24
Monthly Payment
$0.45
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10.00$0.06$0.39$9.61$0.06$0.45
2$9.61$0.06$0.39$9.22$0.11$0.89
3$9.22$0.05$0.39$8.82$0.17$1.34
4$8.82$0.05$0.40$8.43$0.22$1.79
5$8.43$0.05$0.40$8.03$0.26$2.24
6$8.03$0.05$0.40$7.63$0.31$2.68
7$7.63$0.04$0.40$7.22$0.35$3.13
8$7.22$0.04$0.41$6.82$0.40$3.58
9$6.82$0.04$0.41$6.41$0.44$4.03
10$6.41$0.04$0.41$6.00$0.47$4.47
11$6.00$0.03$0.41$5.59$0.51$4.92
12$5.59$0.03$0.42$5.17$0.54$5.37
13$5.17$0.03$0.42$4.75$0.57$5.81
14$4.75$0.03$0.42$4.33$0.60$6.26
15$4.33$0.02$0.42$3.91$0.62$6.71
16$3.91$0.02$0.42$3.49$0.64$7.16
17$3.49$0.02$0.43$3.06$0.66$7.60
18$3.06$0.02$0.43$2.63$0.68$8.05
19$2.63$0.02$0.43$2.20$0.70$8.50
20$2.20$0.01$0.43$1.76$0.71$8.95
21$1.76$0.01$0.44$1.33$0.72$9.39
22$1.33$0.01$0.44$0.89$0.73$9.84
23$0.89$0.01$0.44$0.44$0.73$10.29
24$0.44$0.00$0.44$-0.00$0.73$10.73