Amortization Schedule

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

Total Payments
$111.37
Total Interest
$11.37
Number of Monthly Payments
6
Monthly Payment
$18.56
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$3.17$15.40$84.60$3.17$18.56
2$84.60$2.68$15.88$68.72$5.85$37.12
3$68.72$2.18$16.39$52.34$8.02$55.69
4$52.34$1.66$16.90$35.43$9.68$74.25
5$35.43$1.12$17.44$17.99$10.80$92.81
6$17.99$0.57$17.99$0.00$11.37$111.37