A loan payment of $1400.00 was due 20 days ago and another payment of $800.00 is due 70 days from now. What single payment 110 days from now will pay off the two obligations if interest is to be 6% and the agreed focal date is 110 days from now?

The value of the payment is $___

(The final answer must be rounded to the nearest cent as needed. Round all the intermediate values to six decimals as needed.)