You are considering the purchase of a condominium to use as a rental property, You estimate that you can rent the condominium for $1.200 per month and that taxes, insurance, and maintenance costs will run about $200 per month. If interest rates are 9% compounded monthly, how large a 25-year mortgage can you assume and still have the rental income cover the monthly expenses? The mortgage is s (Round to the nearest cont as needed.)