Amortization Schedule

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

Total Payments
$114.04
Total Interest
$0.04
Number of Monthly Payments
12
Monthly Payment
$9.50
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$114.00$0.01$9.50$104.50$0.01$9.50
2$104.50$0.01$9.50$95.00$0.01$19.01
3$95.00$0.00$9.50$85.51$0.02$28.51
4$85.51$0.00$9.50$76.01$0.02$38.01
5$76.01$0.00$9.50$66.51$0.02$47.52
6$66.51$0.00$9.50$57.01$0.03$57.02
7$57.01$0.00$9.50$47.51$0.03$66.52
8$47.51$0.00$9.50$38.01$0.03$76.02
9$38.01$0.00$9.50$28.51$0.03$85.53
10$28.51$0.00$9.50$19.00$0.04$95.03
11$19.00$0.00$9.50$9.50$0.04$104.53
12$9.50$0.00$9.50$0.00$0.04$114.04