Amortization Schedule

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

Total Payments
$102.94
Total Interest
$2.94
Number of Monthly Payments
6
Monthly Payment
$17.16
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$0.83$16.32$83.68$0.83$17.16
2$83.68$0.70$16.46$67.22$1.53$34.31
3$67.22$0.56$16.60$50.62$2.09$51.47
4$50.62$0.42$16.73$33.89$2.51$68.62
5$33.89$0.28$16.87$17.01$2.80$85.78
6$17.01$0.14$17.01$-0.00$2.94$102.94