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 = 0.9019 Swiss francs
1 Swiss franc = 1.11 US dollar
A: $975
B: $1,080
C: $1,200
D: $1,440
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