Amortization Schedule

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

Total Payments
$113.00
Total Interest
$8.00
Number of Monthly Payments
5
Monthly Payment
$22.60
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$105.00$2.62$19.98$85.02$2.62$22.60
2$85.02$2.12$20.48$64.55$4.75$45.20
3$64.55$1.61$20.99$43.56$6.36$67.80
4$43.56$1.09$21.51$22.05$7.45$90.40
5$22.05$0.55$22.05$0.00$8.00$113.00