Amortization Schedule

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

Total Payments
$101.34
Total Interest
$1.34
Number of Monthly Payments
7
Monthly Payment
$14.48
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$0.33$14.14$85.86$0.33$14.48
2$85.86$0.29$14.19$71.67$0.62$28.95
3$71.67$0.24$14.24$57.43$0.86$43.43
4$57.43$0.19$14.29$43.14$1.05$57.91
5$43.14$0.14$14.33$28.81$1.19$72.38
6$28.81$0.10$14.38$14.43$1.29$86.86
7$14.43$0.05$14.43$0.00$1.34$101.34