Amortization Schedule

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

Total Payments
$127.83
Total Interest
$27.83
Number of Monthly Payments
6
Monthly Payment
$21.30
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$7.50$13.80$86.20$7.50$21.30
2$86.20$6.46$14.84$71.36$13.96$42.61
3$71.36$5.35$15.95$55.40$19.32$63.91
4$55.40$4.16$17.15$38.25$23.47$85.22
5$38.25$2.87$18.44$19.82$26.34$106.52
6$19.82$1.49$19.82$-0.00$27.83$127.83