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 four payments to the insurance company:

First birthday		770
Second birthday		770
Third birthday		870
Fourth birthday		850
After the childs fourth 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 four years and 7 percent for all subsequent years, what would the value of the deposits be when the policy matures? Given this value, would you accept the insurance companys offer?