Amortization Schedule

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

Total Payments
$1,018.84
Total Interest
$18.84
Number of Monthly Payments
9
Monthly Payment
$113.20
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$3.75$109.45$890.55$3.75$113.20
2$890.55$3.34$109.87$780.68$7.09$226.41
3$780.68$2.93$110.28$670.40$10.02$339.61
4$670.40$2.51$110.69$559.71$12.53$452.82
5$559.71$2.10$111.11$448.61$14.63$566.02
6$448.61$1.68$111.52$337.08$16.31$679.23
7$337.08$1.26$111.94$225.14$17.58$792.43
8$225.14$0.84$112.36$112.78$18.42$905.64
9$112.78$0.42$112.78$-0.00$18.84$1,018.84