Cliff just graduated from high school and has received $800 in gifts of cash from friends and relatives. In addition, Cliff received three scholarships in the amounts of $150, $300, and $1000. If Cliff takes all his gift and scholarship money and invests it in a 24-month CD paying 2% interest compounded daily, how much money will he have when he cashes in the CD at the end of the 24 months?

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