Amortization Schedule

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

Total Payments
$10,000.75
Total Interest
$0.75
Number of Monthly Payments
8
Monthly Payment
$1,250.09
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$0.17$1,249.93$8,750.07$0.17$1,250.09
2$8,750.07$0.15$1,249.95$7,500.12$0.31$2,500.19
3$7,500.12$0.13$1,249.97$6,250.16$0.44$3,750.28
4$6,250.16$0.10$1,249.99$5,000.17$0.54$5,000.38
5$5,000.17$0.08$1,250.01$3,750.16$0.63$6,250.47
6$3,750.16$0.06$1,250.03$2,500.13$0.69$7,500.56
7$2,500.13$0.04$1,250.05$1,250.07$0.73$8,750.66
8$1,250.07$0.02$1,250.07$0.00$0.75$10,000.75