Amortization Schedule

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

Total Payments
$1,001.19
Total Interest
$1.19
Number of Monthly Payments
12
Monthly Payment
$83.43
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$0.18$83.25$916.75$0.18$83.43
2$916.75$0.17$83.26$833.49$0.35$166.87
3$833.49$0.15$83.28$750.21$0.50$250.30
4$750.21$0.14$83.30$666.91$0.64$333.73
5$666.91$0.12$83.31$583.60$0.76$417.16
6$583.60$0.11$83.33$500.27$0.87$500.60
7$500.27$0.09$83.34$416.93$0.96$584.03
8$416.93$0.08$83.36$333.58$1.04$667.46
9$333.58$0.06$83.37$250.21$1.10$750.89
10$250.21$0.05$83.39$166.82$1.15$834.33
11$166.82$0.03$83.40$83.42$1.18$917.76
12$83.42$0.02$83.42$0.00$1.19$1,001.19