For the following situation, find the average monthly expense that you would use in budgeting for the given expense. Note: Annual means once a year, and semiannual means twice a year. You own your own home and pay $1400 annually in homeowners insurance, $2500 semiannually in property tax, and $850 monthly in mortgage (house loan) payments. In addition, just to be safe, you decide to set aside $1720 per year for unexpected expenses (for example, water heater replacement, sewer clean-out, or roof repair). Question content area bottom Part 1 The average monthly expense that you would use in budgeting is $ enter your response here. (Round to the nearest cent as needed.)