Two debts, the first of $800 due six months ago and the second of $1400 borrowed one year ago for a term of four years at 9.8% compounded annually, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 8.9% compounded quarterly and the focal date is one year from now.

Calculate the size of the replacement payment?

(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)