Amortization Schedule

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

Total Payments
$114.05
Total Interest
$14.05
Number of Monthly Payments
12
Monthly Payment
$9.50
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$2.08$7.42$92.58$2.08$9.50
2$92.58$1.93$7.58$85.00$4.01$19.01
3$85.00$1.77$7.73$77.27$5.78$28.51
4$77.27$1.61$7.89$69.38$7.39$38.02
5$69.38$1.45$8.06$61.32$8.84$47.52
6$61.32$1.28$8.23$53.09$10.12$57.03
7$53.09$1.11$8.40$44.69$11.22$66.53
8$44.69$0.93$8.57$36.12$12.15$76.04
9$36.12$0.75$8.75$27.37$12.90$85.54
10$27.37$0.57$8.93$18.43$13.48$95.04
11$18.43$0.38$9.12$9.31$13.86$104.55
12$9.31$0.19$9.31$-0.00$14.05$114.05