Amortization Schedule

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

Total Payments
$1,003.75
Total Interest
$3.75
Number of Monthly Payments
9
Monthly Payment
$111.53
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$0.75$110.78$889.22$0.75$111.53
2$889.22$0.67$110.86$778.36$1.42$223.06
3$778.36$0.58$110.94$667.42$2.00$334.58
4$667.42$0.50$111.03$556.39$2.50$446.11
5$556.39$0.42$111.11$445.28$2.92$557.64
6$445.28$0.33$111.19$334.08$3.25$669.17
7$334.08$0.25$111.28$222.81$3.50$780.70
8$222.81$0.17$111.36$111.44$3.67$892.23
9$111.44$0.08$111.44$0.00$3.75$1,003.75