To help pay for a class trip at the end of their senior year, the sophomore class at Cortez High School invests $1500 from fund-raisers in a 30-month CD paying 3.9% interest compounded monthly. Determine the amount the class will receive when it cashes in the CD after 30 months.

If necessary, round all dollar figures to the nearest cent and round percents to the nearest hundredth of a percent.