Amortization Schedule

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

Total Payments
$1,009.40
Total Interest
$9.40
Number of Monthly Payments
9
Monthly Payment
$112.16
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$1.88$110.28$889.72$1.88$112.16
2$889.72$1.67$110.49$779.23$3.54$224.31
3$779.23$1.46$110.69$668.54$5.00$336.47
4$668.54$1.25$110.90$557.64$6.26$448.62
5$557.64$1.05$111.11$446.53$7.30$560.78
6$446.53$0.84$111.32$335.21$8.14$672.93
7$335.21$0.63$111.53$223.68$8.77$785.09
8$223.68$0.42$111.74$111.95$9.19$897.24
9$111.95$0.21$111.95$0.00$9.40$1,009.40