Amortization Schedule

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

Total Payments
$102.73
Total Interest
$2.73
Number of Monthly Payments
12
Monthly Payment
$8.56
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$0.42$8.14$91.86$0.42$8.56
2$91.86$0.38$8.18$83.68$0.80$17.12
3$83.68$0.35$8.21$75.47$1.15$25.68
4$75.47$0.31$8.25$67.22$1.46$34.24
5$67.22$0.28$8.28$58.94$1.74$42.80
6$58.94$0.25$8.32$50.62$1.99$51.36
7$50.62$0.21$8.35$42.27$2.20$59.93
8$42.27$0.18$8.38$33.89$2.38$68.49
9$33.89$0.14$8.42$25.47$2.52$77.05
10$25.47$0.11$8.45$17.02$2.62$85.61
11$17.02$0.07$8.49$8.53$2.69$94.17
12$8.53$0.04$8.53$-0.00$2.73$102.73