Amortization Schedule

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

Total Payments
$101.73
Total Interest
$1.73
Number of Monthly Payments
5
Monthly Payment
$20.35
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$0.58$19.77$80.23$0.58$20.35
2$80.23$0.46$19.89$60.34$1.04$40.69
3$60.34$0.35$20.00$40.34$1.38$61.04
4$40.34$0.23$20.11$20.23$1.62$81.39
5$20.23$0.12$20.23$-0.00$1.73$101.73