Amortization Schedule

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

Total Payments
$1,032.14
Total Interest
$32.14
Number of Monthly Payments
8
Monthly Payment
$129.02
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$7.08$121.93$878.07$7.08$129.02
2$878.07$6.22$122.80$755.27$13.30$258.03
3$755.27$5.35$123.67$631.60$18.65$387.05
4$631.60$4.47$124.54$507.06$23.13$516.07
5$507.06$3.59$125.43$381.63$26.72$645.09
6$381.63$2.70$126.31$255.32$29.42$774.10
7$255.32$1.81$127.21$128.11$31.23$903.12
8$128.11$0.91$128.11$-0.00$32.14$1,032.14