Amortization Schedule

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

Total Payments
$107.97
Total Interest
$7.97
Number of Monthly Payments
12
Monthly Payment
$9.00
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative 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