Amortization Schedule

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

Total Payments
$1,085.17
Total Interest
$85.17
Number of Monthly Payments
9
Monthly Payment
$120.57
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$16.67$103.91$896.09$16.67$120.57
2$896.09$14.93$105.64$790.45$31.60$241.15
3$790.45$13.17$107.40$683.05$44.78$361.72
4$683.05$11.38$109.19$573.86$56.16$482.30
5$573.86$9.56$111.01$462.85$65.72$602.87
6$462.85$7.71$112.86$349.99$73.44$723.45
7$349.99$5.83$114.74$235.25$79.27$844.02
8$235.25$3.92$116.65$118.60$83.19$964.59
9$118.60$1.98$118.60$-0.00$85.17$1,085.17