Amortization Schedule

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

Total Payments
$107.12
Total Interest
$7.12
Number of Monthly Payments
6
Monthly Payment
$17.85
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$2.00$15.85$84.15$2.00$17.85
2$84.15$1.68$16.17$67.98$3.68$35.71
3$67.98$1.36$16.49$51.48$5.04$53.56
4$51.48$1.03$16.82$34.66$6.07$71.41
5$34.66$0.69$17.16$17.50$6.77$89.26
6$17.50$0.35$17.50$0.00$7.12$107.12