A recent high school graduate received $9000 in gifts of cash from friends and relatives. Inaddition, he received three scholarships in the amounts of $350, $800, and $1300. If he takes all his gift and scholarship money and invests it in a 24-month CD paying 11% interest compounded daily(use nequals=360), how much will the graduate have when he cashes in the CD at the end of the 24 months?