Amortization Schedule

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

Total Payments
$102.29
Total Interest
$2.29
Number of Monthly Payments
12
Monthly Payment
$8.52
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$0.35$8.17$91.83$0.35$8.52
2$91.83$0.32$8.20$83.62$0.67$17.05
3$83.62$0.29$8.23$75.39$0.96$25.57
4$75.39$0.26$8.26$67.13$1.23$34.10
5$67.13$0.23$8.29$58.84$1.46$42.62
6$58.84$0.21$8.32$50.52$1.67$51.14
7$50.52$0.18$8.35$42.18$1.85$59.67
8$42.18$0.15$8.38$33.80$1.99$68.19
9$33.80$0.12$8.41$25.39$2.11$76.72
10$25.39$0.09$8.44$16.96$2.20$85.24
11$16.96$0.06$8.46$8.49$2.26$93.77
12$8.49$0.03$8.49$0.00$2.29$102.29