A recent high school graduate received $600 in gifts of cash from friends and relatives. In addition, he receive three scholarships in the amounts of $450, $500, and $1100. If he takes all his gift and scholarship money and invests it in a 24-month CD paying 3% interest compounded daily, how much will the graduate have when he cashes in the CD at the end of the 24-months? The graduate will have $ when he cashes in the CD. (Round to the nearest cent as needed.)