You are considering the purchase of a condominium to use as a rental property You estimate that you can rent the condominium for $1,400 per month and that faxes insurance, and maintenance costs will run about $400 per month. If interest rates are 6% compounded monthly, how large a 25-year mortgage can you assume and still have the rental income cover the monthly expenses? The mortgage is 5 (Round to the nearest cent as needed)