Amortization Schedule

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

Total Payments
$120.49
Total Interest
$15.49
Number of Monthly Payments
16
Monthly Payment
$7.53
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$105.00$1.75$5.78$99.22$1.75$7.53
2$99.22$1.65$5.88$93.34$3.40$15.06
3$93.34$1.56$5.97$87.37$4.96$22.59
4$87.37$1.46$6.07$81.29$6.42$30.12
5$81.29$1.35$6.18$75.12$7.77$37.65
6$75.12$1.25$6.28$68.84$9.02$45.18
7$68.84$1.15$6.38$62.46$10.17$52.71
8$62.46$1.04$6.49$55.97$11.21$60.24
9$55.97$0.93$6.60$49.37$12.14$67.78
10$49.37$0.82$6.71$42.66$12.97$75.31
11$42.66$0.71$6.82$35.84$13.68$82.84
12$35.84$0.60$6.93$28.91$14.27$90.37
13$28.91$0.48$7.05$21.86$14.76$97.90
14$21.86$0.36$7.17$14.69$15.12$105.43
15$14.69$0.24$7.29$7.41$15.37$112.96
16$7.41$0.12$7.41$-0.00$15.49$120.49