Amortization Schedule

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

Total Payments
$1,019.26
Total Interest
$19.26
Number of Monthly Payments
9
Monthly Payment
$113.25
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$3.83$109.42$890.58$3.83$113.25
2$890.58$3.41$109.84$780.74$7.25$226.50
3$780.74$2.99$110.26$670.49$10.24$339.75
4$670.49$2.57$110.68$559.80$12.81$453.01
5$559.80$2.15$111.11$448.70$14.96$566.26
6$448.70$1.72$111.53$337.17$16.68$679.51
7$337.17$1.29$111.96$225.21$17.97$792.76
8$225.21$0.86$112.39$112.82$18.83$906.01
9$112.82$0.43$112.82$0.00$19.26$1,019.26