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:

First birthday:$890Second birthday:$890Third birthday:$990Fourth birthday:$990Fifth birthday:$1,090Sixth birthday:$1,090After the child's sixth birthday, no more payments are made. When the child reaches age 65, he or she receives $230,000.

If the relevant interest rate is 10 percent for the first six years and 6 percent for all subsequent years, what is the value of the policy at the child's 65th birthday?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)