General Loan Calculator Loan Amount Annual Interest Rate Payment Each Period ( to let calculate*) Periods per Year (12 for monthly, 26 for bi-weekly, 52 for weekly, etc.) Total Number of Payments Total Number of Years Your interest rate per period is 0.5833 % for 12 total periods ( 1.0000 years) PeriodYearsBalanceInterestPrincipal 1 0.083 1000.00 5.84 -5.84 2 0.167 1005.84 5.87 -5.87 3 0.250 1011.71 5.91 -5.91 4 0.333 1017.62 5.94 -5.94 5 0.417 1023.56 5.98 -5.98 6 0.500 1029.54 6.01 -6.01 7 0.583 1035.55 6.05 -6.05 8 0.667 1041.60 6.08 -6.08 9 0.750 1047.68 6.12 -6.12 10 0.833 1053.80 6.15 -6.15 11 0.917 1059.95 6.19 -6.19 12 1.000 1066.14 6.22 -6.22 13 1.083 1072.36 6.26 -6.26 Total Payments: $ 0.00 Total Interest $ 78.62 DISCLAIMER: This information is for illustrative purposes only. Numbers may be off by $0.01 per month due to differing methods of rounding so the results are not exact. Also note that the schedule generated here applies only to a loan where all payments are made in full in a timely manner. It does not include any late fees or additional accrued interest due to late payments.
