Payments of $1,700 in 1 year and another $2,800 in 5 years to settle a loan are to be rescheduled with a payment of $1,150 in 21 months and the balance in 33 months. Calculate the payment required in 33 months for the rescheduled option to settle the loan if money earns 4.4% compounded quarterly during the above periods.

Round to the nearest cent