Amortization Schedule

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

Total Payments
$1,118.41
Total Interest
$18.41
Number of Monthly Payments
9
Monthly Payment
$124.27
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,100.00$3.67$120.60$979.40$3.67$124.27
2$979.40$3.26$121.00$858.39$6.93$248.54
3$858.39$2.86$121.41$736.99$9.79$372.80
4$736.99$2.46$121.81$615.18$12.25$497.07
5$615.18$2.05$122.22$492.96$14.30$621.34
6$492.96$1.64$122.63$370.33$15.94$745.61
7$370.33$1.23$123.03$247.30$17.18$869.88
8$247.30$0.82$123.44$123.86$18.00$994.15
9$123.86$0.41$123.86$0.00$18.41$1,118.41