At the start of the year, an investor paid $2,000 to invest in a mutual fund with a 5.75% front-end sales load. During the year, the fund experienced an annual return of 7%. At the end of the year, the fund deducted from its investors' accounts the annual operating fee of 1.00% of end-of-year account balances. After paying the fee, what was the market value of the investor's account? (Round your answer to the nearest penny. Do not enter the dollar symbol.