Amortization Schedule

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

Total Payments
$101.58
Total Interest
$1.58
Number of Monthly Payments
12
Monthly Payment
$8.46
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$0.24$8.22$91.78$0.24$8.46
2$91.78$0.22$8.24$83.53$0.46$16.93
3$83.53$0.20$8.26$75.27$0.67$25.39
4$75.27$0.18$8.28$66.99$0.85$33.86
5$66.99$0.16$8.30$58.69$1.01$42.32
6$58.69$0.14$8.32$50.36$1.15$50.79
7$50.36$0.12$8.34$42.02$1.27$59.25
8$42.02$0.10$8.36$33.66$1.37$67.72
9$33.66$0.08$8.38$25.27$1.46$76.18
10$25.27$0.06$8.40$16.87$1.52$84.65
11$16.87$0.04$8.42$8.44$1.56$93.11
12$8.44$0.02$8.44$0.00$1.58$101.58