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 thispolicy, 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?