Amortization Schedule

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

Total Payments
$1,132.31
Total Interest
$32.31
Number of Monthly Payments
6
Monthly Payment
$188.72
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,100.00$9.17$179.55$920.45$9.17$188.72
2$920.45$7.67$181.05$739.40$16.84$377.44
3$739.40$6.16$182.56$556.85$23.00$566.15
4$556.85$4.64$184.08$372.77$27.64$754.87
5$372.77$3.11$185.61$187.16$30.75$943.59
6$187.16$1.56$187.16$-0.00$32.31$1,132.31