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.
Sedentary teenage boys engage in only light physical activity associated with day-to-day living. The U.S. Department of Agriculture estimates that sedentary boys age 9 to 13 need about 1,600 to 2,000 calories per day and sedentary teenage boys ages 14 to 18 require about 2,000 to 2,400 calories each day.