Afamily 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 Francs = 1.03 US dollars
12986.64 Swiss Francs = 13354.72 US dollars

But, wait! It wants it in months. There are 12 months in a year. So we divide 13354.72 by 12 to get the answer.

13354.72 / 12 = $1112.89