A recent high school graduate received $800 in gifts of cash from friends and relatives. Inaddition, he received three scholarships in the amounts of $150, $300, and $1100.

If he takes all his gift and scholarship money and invests it in a 24-month CD paying 1% interest compounded daily(use n=360), how much will the graduate have when he cashes in the CD at the end of the 24-months?