Amortization Schedule

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

Total Payments
$119.95
Total Interest
$19.95
Number of Monthly Payments
12
Monthly Payment
$10.00
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$2.92$7.08$92.92$2.92$10.00
2$92.92$2.71$7.29$85.63$5.63$19.99
3$85.63$2.50$7.50$78.13$8.12$29.99
4$78.13$2.28$7.72$70.42$10.40$39.98
5$70.42$2.05$7.94$62.47$12.45$49.98
6$62.47$1.82$8.17$54.30$14.28$59.97
7$54.30$1.58$8.41$45.89$15.86$69.97
8$45.89$1.34$8.66$37.23$17.20$79.97
9$37.23$1.09$8.91$28.32$18.28$89.96
10$28.32$0.83$9.17$19.15$19.11$99.96
11$19.15$0.56$9.44$9.71$19.67$109.95
12$9.71$0.28$9.71$0.00$19.95$119.95