Amortization Schedule

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

Total Payments
$116.98
Total Interest
$16.98
Number of Monthly Payments
12
Monthly Payment
$9.75
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$2.50$7.25$92.75$2.50$9.75
2$92.75$2.32$7.43$85.32$4.82$19.50
3$85.32$2.13$7.62$77.70$6.95$29.24
4$77.70$1.94$7.81$69.90$8.89$38.99
5$69.90$1.75$8.00$61.90$10.64$48.74
6$61.90$1.55$8.20$53.70$12.19$58.49
7$53.70$1.34$8.41$45.29$13.53$68.24
8$45.29$1.13$8.62$36.67$14.66$77.99
9$36.67$0.92$8.83$27.84$15.58$87.73
10$27.84$0.70$9.05$18.79$16.27$97.48
11$18.79$0.47$9.28$9.51$16.74$107.23
12$9.51$0.24$9.51$0.00$16.98$116.98