Amortization Schedule

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

Total Payments
$108.31
Total Interest
$8.31
Number of Monthly Payments
12
Monthly Payment
$9.03
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$1.25$7.78$92.22$1.25$9.03
2$92.22$1.15$7.87$84.35$2.40$18.05
3$84.35$1.05$7.97$76.38$3.46$27.08
4$76.38$0.95$8.07$68.31$4.41$36.10
5$68.31$0.85$8.17$60.14$5.27$45.13
6$60.14$0.75$8.27$51.86$6.02$54.15
7$51.86$0.65$8.38$43.48$6.67$63.18
8$43.48$0.54$8.48$35.00$7.21$72.21
9$35.00$0.44$8.59$26.41$7.65$81.23
10$26.41$0.33$8.70$17.72$7.98$90.26
11$17.72$0.22$8.80$8.91$8.20$99.28
12$8.91$0.11$8.91$-0.00$8.31$108.31