Amortization Schedule

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

Total Payments
$101.99
Total Interest
$1.99
Number of Monthly Payments
6
Monthly Payment
$17.00
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$0.57$16.43$83.57$0.57$17.00
2$83.57$0.47$16.53$67.04$1.04$34.00
3$67.04$0.38$16.62$50.42$1.42$51.00
4$50.42$0.29$16.71$33.71$1.71$68.00
5$33.71$0.19$16.81$16.90$1.90$84.99
6$16.90$0.10$16.90$0.00$1.99$101.99