Amortization Schedule

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

Total Payments
$10.15
Total Interest
$0.15
Number of Monthly Payments
12
Monthly Payment
$0.85
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10.00$0.02$0.82$9.18$0.02$0.85
2$9.18$0.02$0.82$8.35$0.05$1.69
3$8.35$0.02$0.83$7.53$0.07$2.54
4$7.53$0.02$0.83$6.70$0.08$3.38
5$6.70$0.02$0.83$5.87$0.10$4.23
6$5.87$0.01$0.83$5.04$0.11$5.08
7$5.04$0.01$0.83$4.20$0.12$5.92
8$4.20$0.01$0.84$3.36$0.13$6.77
9$3.36$0.01$0.84$2.53$0.14$7.62
10$2.53$0.01$0.84$1.69$0.15$8.46
11$1.69$0.00$0.84$0.84$0.15$9.31
12$0.84$0.00$0.84$-0.00$0.15$10.15