You are considering the purchase of a condominium to use as a rental property. You estimate that you can rent the condominium for $1,300 por month and that taxes, insurance, and maintenance costs will nun about $300 per month. If interest rates are 9% compounded monthly, how large a 15 -year mortgage can you assume and sall have the rental income cover th monthly experses? The mortgage is $ (Round to the nearest cent as needed.)