Your interest rate (6%) is the annual rate on the loan. To calculate amortization, you will convert the annual interest rate into a monthly rate. The term of the loan is 360 months (30 years). Since amortization is a monthly calculation in this example, the term is stated in months, not years. Your monthly payment is $599.95. The dollar amount of the payment stays constant.
Many teenagers can eat 1 to 3 servings per week without gaining too much weight. Remember too much sweets and desserts will also effect the amount of skin problems your teenager has, like pimples. One serving is a medium portion, such as 1/8 of a pie, 1/2 cup ice cream, a 3-inch pastry,1/2 cup pudding, or 2 small cookies.
The number of texts being sent is on the rise, especially among teenagers age 13 to 17. According to Nielsen, the average teenager now sends 3,339 texts per month. There's more, though: teen females send an incredible 4,050 text per month, while teen males send an average of 2,539 texts. Teens are sending 8 percent more texts than they were this time last year. Other age groups don't even come close, either; the average 18 to 24-year-old sends only 1,630 texts per month. The average only drops with other age groups.