Amortization Schedule

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

Total Payments
$1,018.63
Total Interest
$18.63
Number of Monthly Payments
9
Monthly Payment
$113.18
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$3.71$109.47$890.53$3.71$113.18
2$890.53$3.30$109.88$780.65$7.01$226.36
3$780.65$2.89$110.29$670.36$9.91$339.54
4$670.36$2.49$110.70$559.67$12.39$452.73
5$559.67$2.08$111.11$448.56$14.47$565.91
6$448.56$1.66$111.52$337.04$16.13$679.09
7$337.04$1.25$111.93$225.11$17.38$792.27
8$225.11$0.83$112.35$112.76$18.22$905.45
9$112.76$0.42$112.76$0.00$18.63$1,018.63