Amortization Schedule

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

Total Payments
$101.96
Total Interest
$1.96
Number of Monthly Payments
6
Monthly Payment
$16.99
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$0.56$16.44$83.56$0.56$16.99
2$83.56$0.47$16.53$67.04$1.02$33.99
3$67.04$0.37$16.62$50.42$1.40$50.98
4$50.42$0.28$16.71$33.71$1.68$67.98
5$33.71$0.19$16.81$16.90$1.87$84.97
6$16.90$0.09$16.90$-0.00$1.96$101.96