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 childs birth. For this policy, the purchaser (say, the parent) makes the following six payments to the insurance company: First birthday $ 780 Second birthday $ 780 Third birthday $ 880 Fourth birthday $ 850 Fifth birthday $ 980 Sixth birthday $ 950 After the childs sixth birthday, no more payments are made. When the child reaches age 65, he or she receives $280,000. If the relevant interest rate is 10 percent for the first six years and 7 percent for all subsequent years, what would the value of the deposits be when the policy matures