|
|
|
|
| Payment Number | Beginning Balance | Interest Payment | Principal Payment | Ending Balance | Cumulative Interest | Cumulative Payments |
|---|---|---|---|---|---|---|
| 1 | $100.00 | $1.20 | $7.80 | $92.20 | $1.20 | $9.00 |
| 2 | $92.20 | $1.11 | $7.89 | $84.31 | $2.31 | $18.00 |
| 3 | $84.31 | $1.01 | $7.99 | $76.33 | $3.32 | $26.99 |
| 4 | $76.33 | $0.92 | $8.08 | $68.24 | $4.23 | $35.99 |
| 5 | $68.24 | $0.82 | $8.18 | $60.07 | $5.05 | $44.99 |
| 6 | $60.07 | $0.72 | $8.28 | $51.79 | $5.77 | $53.99 |
| 7 | $51.79 | $0.62 | $8.38 | $43.41 | $6.40 | $62.98 |
| 8 | $43.41 | $0.52 | $8.48 | $34.94 | $6.92 | $71.98 |
| 9 | $34.94 | $0.42 | $8.58 | $26.36 | $7.34 | $80.98 |
| 10 | $26.36 | $0.32 | $8.68 | $17.68 | $7.65 | $89.98 |
| 11 | $17.68 | $0.21 | $8.79 | $8.89 | $7.86 | $98.97 |
| 12 | $8.89 | $0.11 | $8.89 | $0.00 | $7.97 | $107.97 |