It is now January. The current annual interest rate is $3\%.$ The June futures price for gold is $$1,840,$ while the December futures price is $$1,860.$ Assume the June contract expires in exactly $6$ months and the December contract expires in exactly $12$ months.

Required:

a$.$ Calculate the appropriate price for December futures using the parity relationship?

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

$\backslash$table$[[$Price for December futures,$$1,895\mathrm{.}20$