what is the average monthly mortgage payment?\nmonthly expenditures\n| | june | july | august…

what is the average monthly mortgage payment?\nmonthly expenditures\n| | june | july | august |\n|--|--|--|--| \n| water | $32.00 | $26.00 | $24.00 |\n| mortgage | $1200.00 | $1200.00 | $1200.00 |\n| electricity | $190.00 | $220.00 | $242.00 |\n| car loan | $225.00 | $225.00 | $225.00 |\nround to the nearest cent.

what is the average monthly mortgage payment?\nmonthly expenditures\n| | june | july | august |\n|--|--|--|--| \n| water | $32.00 | $26.00 | $24.00 |\n| mortgage | $1200.00 | $1200.00 | $1200.00 |\n| electricity | $190.00 | $220.00 | $242.00 |\n| car loan | $225.00 | $225.00 | $225.00 |\nround to the nearest cent.

Answer

Answer:

$1200.00

Explanation:

Step1: Identify mortgage payments

June: $1200, July: $1200, August: $1200

Step2: Calculate average

Since all values are $1200, average = $\frac{1200 + 1200+1200}{3}=\frac{3600}{3}=1200$