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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 Swiss franc = 1.11 US dollar So, 12986.64 Swiss francs US dollar US dollar. That means, the family uses 14415.1704 US dollars per year to pay the mortgage. Now, 1 year = 12 months So, the amount of money, the family spends per month on the mortgage US dollar.
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