Amortization Schedule

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

Total Payments
$103.67
Total Interest
$3.67
Number of Monthly Payments
12
Monthly Payment
$8.64
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$0.56$8.08$91.92$0.56$8.64
2$91.92$0.51$8.13$83.79$1.07$17.28
3$83.79$0.47$8.17$75.62$1.54$25.92
4$75.62$0.42$8.22$67.41$1.96$34.56
5$67.41$0.38$8.26$59.14$2.34$43.19
6$59.14$0.33$8.31$50.84$2.67$51.83
7$50.84$0.28$8.36$42.48$2.95$60.47
8$42.48$0.24$8.40$34.08$3.19$69.11
9$34.08$0.19$8.45$25.63$3.38$77.75
10$25.63$0.14$8.50$17.13$3.52$86.39
11$17.13$0.10$8.54$8.59$3.62$95.03
12$8.59$0.05$8.59$-0.00$3.67$103.67