Amortization Schedule

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

Total Payments
$1,021.16
Total Interest
$21.16
Number of Monthly Payments
9
Monthly Payment
$113.46
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$4.21$109.25$890.75$4.21$113.46
2$890.75$3.75$109.71$781.03$7.96$226.92
3$781.03$3.29$110.18$670.86$11.24$340.39
4$670.86$2.82$110.64$560.22$14.07$453.85
5$560.22$2.36$111.10$449.11$16.42$567.31
6$449.11$1.89$111.57$337.54$18.31$680.77
7$337.54$1.42$112.04$225.50$19.74$794.24
8$225.50$0.95$112.51$112.99$20.68$907.70
9$112.99$0.48$112.99$0.00$21.16$1,021.16