Amortization Schedule

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

Total Payments
$111.16
Total Interest
$11.16
Number of Monthly Payments
12
Monthly Payment
$9.26
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$1.67$7.60$92.40$1.67$9.26
2$92.40$1.54$7.72$84.68$3.21$18.53
3$84.68$1.41$7.85$76.83$4.62$27.79
4$76.83$1.28$7.98$68.84$5.90$37.05
5$68.84$1.15$8.12$60.73$7.05$46.32
6$60.73$1.01$8.25$52.48$8.06$55.58
7$52.48$0.87$8.39$44.09$8.93$64.84
8$44.09$0.73$8.53$35.56$9.67$74.11
9$35.56$0.59$8.67$26.89$10.26$83.37
10$26.89$0.45$8.82$18.07$10.71$92.63
11$18.07$0.30$8.96$9.11$11.01$101.90
12$9.11$0.15$9.11$-0.00$11.16$111.16