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. The details of the policy are as follows: The purchaser (say, the parent) makes the following six payments to the insurance company:

First birthday: $ 900 Second birthday: $ 900 Third birthday: $ 1,000 Fourth birthday: $ 1,000 Fifth birthday: $ 1,100 Sixth birthday: $ 1,100

After the child's sixth birthday, no more payments are made. When the child reaches age 65, he or she receives $500,000. The relevant interest rate is 12% for the first six years and 8% for all subsequent years. Calculate the future value of the payments at the child's 65th birthday. (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Future value $= ?