Amortization Schedule

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

Total Payments
$101.77
Total Interest
$1.77
Number of Monthly Payments
12
Monthly Payment
$8.48
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$0.27$8.21$91.79$0.27$8.48
2$91.79$0.25$8.23$83.56$0.52$16.96
3$83.56$0.23$8.25$75.30$0.75$25.44
4$75.30$0.20$8.28$67.03$0.95$33.92
5$67.03$0.18$8.30$58.73$1.13$42.40
6$58.73$0.16$8.32$50.41$1.29$50.88
7$50.41$0.14$8.34$42.06$1.43$59.37
8$42.06$0.11$8.37$33.69$1.54$67.85
9$33.69$0.09$8.39$25.31$1.63$76.33
10$25.31$0.07$8.41$16.89$1.70$84.81
11$16.89$0.05$8.44$8.46$1.75$93.29
12$8.46$0.02$8.46$-0.00$1.77$101.77