Amortization Schedule

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

Total Payments
$105.31
Total Interest
$5.31
Number of Monthly Payments
5
Monthly Payment
$21.06
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$1.75$19.31$80.69$1.75$21.06
2$80.69$1.41$19.65$61.04$3.16$42.12
3$61.04$1.07$19.99$41.04$4.23$63.19
4$41.04$0.72$20.34$20.70$4.95$84.25
5$20.70$0.36$20.70$0.00$5.31$105.31