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

Required:

If the relevant interest rate is 11 percent for the first six years and 7 percent for all subsequent years, what is the value of the policy at the child's 65th birthday?

How do I solve for this problem on a financial calulator? I used CFj to key in all of the payments, i=11, and got $3,537.51 for the first 6 years. Then I solved for the value of the policy by keying in N=59, i=7, PV=$3,537.51 and got FV=$191,575.76 but I know this answer is wrong because it has to be more than $350,000.