Amortization Schedule

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

Total Payments
$1,120.73
Total Interest
$20.73
Number of Monthly Payments
9
Monthly Payment
$124.53
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,100.00$4.13$120.40$979.60$4.13$124.53
2$979.60$3.67$120.85$858.75$7.80$249.05
3$858.75$3.22$121.31$737.44$11.02$373.58
4$737.44$2.77$121.76$615.68$13.78$498.10
5$615.68$2.31$122.22$493.47$16.09$622.63
6$493.47$1.85$122.67$370.79$17.94$747.15
7$370.79$1.39$123.13$247.66$19.33$871.68
8$247.66$0.93$123.60$124.06$20.26$996.20
9$124.06$0.47$124.06$-0.00$20.73$1,120.73