Amortization Schedule

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

Total Payments
$114.63
Total Interest
$14.63
Number of Monthly Payments
12
Monthly Payment
$9.55
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$2.17$7.39$92.61$2.17$9.55
2$92.61$2.01$7.55$85.07$4.17$19.11
3$85.07$1.84$7.71$77.36$6.01$28.66
4$77.36$1.68$7.88$69.48$7.69$38.21
5$69.48$1.50$8.05$61.43$9.19$47.76
6$61.43$1.33$8.22$53.21$10.52$57.32
7$53.21$1.15$8.40$44.81$11.68$66.87
8$44.81$0.97$8.58$36.23$12.65$76.42
9$36.23$0.78$8.77$27.46$13.43$85.97
10$27.46$0.59$8.96$18.50$14.03$95.53
11$18.50$0.40$9.15$9.35$14.43$105.08
12$9.35$0.20$9.35$0.00$14.63$114.63