If a customer purchases an eligible item during a sales tax holiday, but after the sales tax holiday returns the item and receives a credit toward the subsequent purchase of a different item, the purchase of that item does not qualify for the exemption even if it is an eligible item.
loan amortization schedule. Definition. Schedule of loan payments that shows due dates and the amount of money that will applied to the principal and the amount that will go towards the interest. This schedule may be adjusted if a borrower pays more than expected during a specific billing period.
Use our free calculator to create an Amortization Schedule in Excel or Google Sheets. An amortization schedule is a list of payments for a mortgage or loan, which shows how each payment is applied to both the principal amount and the interest.The schedule shows the remaining balance still owed after each payment is made, so you know how much you have left to pay.escription. This spreadsheet-based calculator creates an amortization schedule for a fixed-rate loan, with optional extra payments. Start by entering the total loan amount, the annual interest rate, the number of years required to repay the loan, and how frequently the payments must be made.