Amortization Schedule

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

Total Payments
$100.44
Total Interest
$0.44
Number of Monthly Payments
12
Monthly Payment
$8.37
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$0.07$8.30$91.70$0.07$8.37
2$91.70$0.06$8.31$83.39$0.13$16.74
3$83.39$0.06$8.31$75.08$0.19$25.11
4$75.08$0.05$8.32$66.76$0.24$33.48
5$66.76$0.05$8.32$58.43$0.28$41.85
6$58.43$0.04$8.33$50.10$0.32$50.22
7$50.10$0.03$8.34$41.77$0.35$58.59
8$41.77$0.03$8.34$33.42$0.38$66.96
9$33.42$0.02$8.35$25.08$0.41$75.33
10$25.08$0.02$8.35$16.72$0.42$83.70
11$16.72$0.01$8.36$8.36$0.43$92.07
12$8.36$0.01$8.36$-0.00$0.44$100.44