Amortization Schedule

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

Total Payments
$1,107.03
Total Interest
$107.03
Number of Monthly Payments
9
Monthly Payment
$123.00
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$20.83$102.17$897.83$20.83$123.00
2$897.83$18.70$104.30$793.53$39.54$246.01
3$793.53$16.53$106.47$687.06$56.07$369.01
4$687.06$14.31$108.69$578.37$70.38$492.01
5$578.37$12.05$110.95$467.42$82.43$615.02
6$467.42$9.74$113.27$354.15$92.17$738.02
7$354.15$7.38$115.63$238.53$99.55$861.02
8$238.53$4.97$118.03$120.49$104.52$984.03
9$120.49$2.51$120.49$-0.00$107.03$1,107.03