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 $ 820

Second birthday $ 820

Third birthday $ 920

Fourth birthday $ 850

Fifth birthday $ 1,020

Sixth birthday $ 950

After the childs sixth birthday, no more payments are made. When the child reaches age 65, he or she receives $320,000. 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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)