Amortization Schedule

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

Total Payments
$101.61
Total Interest
$1.61
Number of Monthly Payments
12
Monthly Payment
$8.47
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$0.25$8.22$91.78$0.25$8.47
2$91.78$0.23$8.24$83.54$0.47$16.93
3$83.54$0.21$8.26$75.28$0.68$25.40
4$75.28$0.19$8.28$66.99$0.86$33.87
5$66.99$0.16$8.30$58.69$1.03$42.34
6$58.69$0.14$8.32$50.37$1.17$50.80
7$50.37$0.12$8.34$42.03$1.29$59.27
8$42.03$0.10$8.36$33.66$1.40$67.74
9$33.66$0.08$8.38$25.28$1.48$76.20
10$25.28$0.06$8.40$16.87$1.54$84.67
11$16.87$0.04$8.43$8.45$1.58$93.14
12$8.45$0.02$8.45$-0.00$1.61$101.61