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.
It shouldnât be a surprise to learn theyâre texting, talking and gaming. What may be surprising is just how much. A recent Harris Interactive study shows teenagers average 2.2 hours a day on their cell phones. Broken down by the sexes, boys average 1.8 hours and girls average 2.6 hrs per day. Another study by Nielsen shows the average teenager sends 3,417 texts per month. That equates to over 110 per day! Teens talk another 523 minutes a month (8.75 hrs). The rest of their time is spent downloading and playing games, streaming music or surfing the internet.