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Part $1$

Two$$ debts, the first of $$$$600$ due six months ago and the second of $$$$1500$ borrowed one year ago for a term of four years at $3\mathrm{.}6\%$ compounded annually$,$ are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is $2\mathrm{.}6\%$ compounded quarterly and the focal date is one year from now.

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Part $1$

The size of the replacement payment is $?$

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