Loan Amount
Number of Months:


Monthly Payment100
Total Finance Charge 200.00
Annual Interest Rate20.0000

For 12 months, the magic rule number is 78

Payment Schedule

MonthStart BalanceInterestPrincipalEnd BalanceCum. Int. PaidInterest left to Pay
11000 30.77 69.23 930.77 30.77 169.23
2 930.77 28.21 71.79 858.98 58.98 141.02
3 858.98 25.64 74.36 784.62 84.62 115.38
4 784.62 23.08 76.92 707.70 107.70 92.30
5 707.70 20.51 79.49 628.21 128.21 71.79
6 628.21 17.95 82.05 546.16 146.16 53.84
7 546.16 15.38 84.62 461.54 161.54 38.46
8 461.54 12.82 87.18 374.36 174.36 25.64
9 374.36 10.26 89.74 284.62 184.62 15.38
10 284.62 7.69 92.31 192.31 192.31 7.69
11 192.31 5.13 94.87 97.44 197.44 2.56
12 97.44 2.56 97.44 0.00 200.000