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The Basil family has a summer co-op apartment on a beach and pay a monthly mortgage payment of $1,120 and a monthly maintenance
fee of $800. The Basils get approval from the co-op board of directors to sublet their apartment, since they do not plan to use it this
summer. This means they will continue to make all the payments, but they will rent the apartment to a tenant for the three months they
are away. The Basils will charge $2,300 per month to the tenants.
a. What is the total of the three months' mortgage payments and maintenance fees?
