A family uses 12,986.64 Swiss francs per year to pay a mortgage that requires US dollars. Approximately how much, in US dollars, does the family spend per month on the mortgage? 1 US dollar is equal to 0 point 9 0 1 9 Swiss francs 1 Swiss franc is equal to 1 point 1 1 US dollar

Convert the yearly cost from Swiss francs to US dollars by dividing by 0.9019, since 1 US dollar equals 0.9019 Swiss francs: 12,986.64 ÷ 0.9019 ≈ 14,400 dollars per year. Then divide by 12 months: 14,400 ÷ 12 = 1,200 dollars per month. The correct choice is 1,200 dollars.

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