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	$ 800
Second birthday	$ 800
Third birthday	$ 900
Fourth birthday	$ 900
Fifth birthday	$ 1,000
Sixth birthday	$ 1,000

After the childs sixth birthday, no more payments are made. When the child reaches age 65, he or she receives $350,000. If the relevant 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?