10 An insurance company is offering a new policy to its customers. Typically, the policy is bought by a parent or grandparent for a child at the child's birth. The details of the policy are as follows: The purchaser (say, the parent) makes the following six payments to the insurance company 10 points eBook References First birthday: $750 Second birthday: $750 850 Third birthday: $ Fourth birthday: $ Fifth birthday: 950 $ 950 Sixth birthday $ 850 After the child's sixth birthday, no more payments are made. When the child reaches age 65, he or she receives $250,000. The relevant interest rate is 10 percent for the first six years and 7 percent for all subsequent years. Calculate the future value of the payment at the child's 65th birthday. (Do not round Intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Future value