4.37 A well-known insurance company offers a policy known as the Estate Creator Six Pay. Typically, a parent or grandparent buys a policy for a child at the childs birth. The details of the policy are as follows. The purchaser (say, the parent) makes the following six payments to the insurance company. First Birthday $750 Fourth Birthday $800 Second Birthday $750 Fifth Birthday $800 Third Birthday $750 Sixth Birthday $800 No more payments are made after the childs sixth birthday. When the child reaches the age of 65, he or she receives $250,000. If the relevant interest rate is six percent for the first six years and seven percent for all subsequent years, is the policy worth buying?