Question

what is the average monthly mortgage payment?
monthly expenditures
round to the nearest cent.

Explanation:

Step1: Sum mortgage payments

$1200.00 + 1200.00 + 1200.00 = 3600.00$

Step2: Calculate average

$\frac{3600.00}{3} = 1200.00$

Answer:

$\$1200.00$