Amortization Schedule

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

Total Payments
$108.01
Total Interest
$8.01
Number of Monthly Payments
6
Monthly Payment
$18.00
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$2.25$15.75$84.25$2.25$18.00
2$84.25$1.89$16.11$68.14$4.14$36.00
3$68.14$1.53$16.47$51.67$5.67$54.00
4$51.67$1.16$16.84$34.83$6.83$72.01
5$34.83$0.78$17.22$17.61$7.61$90.01
6$17.61$0.40$17.61$-0.00$8.01$108.01