Amortization Schedule

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

Total Payments
$114.15
Total Interest
$4.15
Number of Monthly Payments
4
Monthly Payment
$28.54
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$110.00$1.65$26.89$83.11$1.65$28.54
2$83.11$1.25$27.29$55.82$2.90$57.08
3$55.82$0.84$27.70$28.12$3.73$85.62
4$28.12$0.42$28.12$0.00$4.15$114.15