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:	$	750
Second birthday:	$	750
Third birthday:	$	850
Fourth birthday:	$	850
Fifth birthday:	$	950
Sixth birthday:	$	950

After the child's sixth birthday, no more payments are made. When the child reaches age 65, he or she receives $250,000. The relevant interest rate is 10 percent for the first six years and 7 percent for all subsequent years.Calculate the future value of the payment at the child's 65^thbirthday.