A high school graduate got $800 in cash gifts from friends and relatives. also, he received three scholarships in the amounts of $350, $600, and $1400. If he takes all his gift and scholarship funds and invests in a 24 month CD paying 3% interest compounded daily, (n=360) how much will the graduate have when he cashes in the CD at the end of the 24 months?

(round answer to the nearest cent as needed)