Two debts, the first of $700 due nine months ago and the second of $800 borrowed two years ago for a term of four years at 6.2% compounded annually, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 5.3% compounded quarterly and the focal date is one year from now. The size of the replacement payment is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)