Amortization Schedule

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

Total Payments
$11.93
Total Interest
$1.34
Number of Monthly Payments
2
Monthly Payment
$5.97
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10.59$0.88$5.08$5.51$0.88$5.97
2$5.51$0.46$5.51$-0.00$1.34$11.93