Amortization Schedule

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

Total Payments
$1,074.21
Total Interest
$24.21
Number of Monthly Payments
9
Monthly Payment
$119.36
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,050.00$4.81$114.54$935.46$4.81$119.36
2$935.46$4.29$115.07$820.39$9.10$238.71
3$820.39$3.76$115.60$704.79$12.86$358.07
4$704.79$3.23$116.13$588.66$16.09$477.43
5$588.66$2.70$116.66$472.01$18.79$596.78
6$472.01$2.16$117.19$354.81$20.95$716.14
7$354.81$1.63$117.73$237.08$22.58$835.50
8$237.08$1.09$118.27$118.81$23.66$954.85
9$118.81$0.54$118.81$0.00$24.21$1,074.21