A loan agreement originally called for a payment of 1,800 after 4 months. Unfortunately, the payment was missed and the debtor has proposed a new agreement. The new agreement calls for an immediate payment of $1,000 today ( 6 month mark) followed by the remainder (final payment) at the 12 month mark. Calculate the amount of the final payment assuming a simple interest rate of 8.00%. Use the 12 month mark as your focal date. Express your answer with 2 decimal places. Answer: 864.00(856.00)