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Use the following information to calculate the mortgage payment at the end. Most recent interest rate: 4.21 Historical maximum interest rate: 18.63 Time for the

Use the following information to calculate the mortgage payment at the end.

Most recent interest rate: 4.21

Historical maximum interest rate: 18.63

Time for the max (year/month/date): 1981-10-09

Historical minimum interest rate: 3.31

Time for the min (year/month/date): 2012-11-21

Median interest rate: 7.79

Mean (or average) interest rate: 8.23

Assume a 30-year fixed mortgage loan: $120,000

Calculate monthly mortgage payment based on: PMT (monthly)

using historical maximum interest rate:

using most recent interest rate :

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