Answer: I feel that the answer might be B. $825 because I did calculate it but I lost my calculations so the answer is B but I just don't have the reason why sorry
The maximum amount Ban can afford for a' mortgage each month when he makes $39,600 a year is $825. Option B is correct.
The mortgage is a type of loan which is taken to purchase the home or lands.
In the given problem, Ben makes $39,600 a year. The rate of interset for the mortgage he has is 4. Thus, the amount he can afford for a'mortgage each year is,
[tex]M=\dfrac{39600}{4}\\M=9900[/tex]
There is total 12 months in one year. Thus, the maximum amount he can afford for a'mortgage each month is,
[tex]M=\dfrac{9900}{12}\\M=825[/tex]
Thus, the maximum amount Ban can afford for a' mortgage each month when he makes $39,600 a year is $825. Option B is correct.
Learn more about the mortgage here;
https://brainly.com/question/22598793
#SPJ2
