Amortization Schedule

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

Total Payments
$100.03
Total Interest
$0.03
Number of Monthly Payments
6
Monthly Payment
$16.67
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$0.01$16.66$83.34$0.01$16.67
2$83.34$0.01$16.66$66.67$0.02$33.34
3$66.67$0.01$16.67$50.01$0.02$50.01
4$50.01$0.00$16.67$33.34$0.03$66.69
5$33.34$0.00$16.67$16.67$0.03$83.36
6$16.67$0.00$16.67$0.00$0.03$100.03