Amortization Schedule

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

Total Payments
$101.09
Total Interest
$1.09
Number of Monthly Payments
12
Monthly Payment
$8.42
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$0.17$8.26$91.74$0.17$8.42
2$91.74$0.15$8.27$83.47$0.32$16.85
3$83.47$0.14$8.28$75.19$0.46$25.27
4$75.19$0.13$8.30$66.89$0.58$33.70
5$66.89$0.11$8.31$58.58$0.70$42.12
6$58.58$0.10$8.33$50.25$0.79$50.54
7$50.25$0.08$8.34$41.91$0.88$58.97
8$41.91$0.07$8.35$33.56$0.95$67.39
9$33.56$0.06$8.37$25.19$1.00$75.81
10$25.19$0.04$8.38$16.81$1.04$84.24
11$16.81$0.03$8.40$8.41$1.07$92.66
12$8.41$0.01$8.41$0.00$1.09$101.09