Amortization Schedule

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

Total Payments
$122.29
Total Interest
$2.29
Number of Monthly Payments
12
Monthly Payment
$10.19
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$120.00$0.35$9.84$110.16$0.35$10.19
2$110.16$0.32$9.87$100.29$0.67$20.38
3$100.29$0.29$9.90$90.39$0.96$30.57
4$90.39$0.26$9.93$80.47$1.23$40.76
5$80.47$0.23$9.96$70.51$1.46$50.95
6$70.51$0.21$9.98$60.52$1.67$61.14
7$60.52$0.18$10.01$50.51$1.84$71.33
8$50.51$0.15$10.04$40.47$1.99$81.52
9$40.47$0.12$10.07$30.39$2.11$91.72
10$30.39$0.09$10.10$20.29$2.20$101.91
11$20.29$0.06$10.13$10.16$2.26$112.10
12$10.16$0.03$10.16$0.00$2.29$122.29