erber Corp. is offering a novel retirement plan. The plan targets grandparents who often give their grandchildren large amounts of money until the children reach school age. The buyer of the retirement plan (say, a grandparent) makes six annual payments to Jerber Corp. on each of the first six birthday's of a grandchild.

First birthday:	$	800
Second birthday:	$	800
Third birthday:	$	900
Fourth birthday:	$	850
Fifth birthday:	$	1,000
Sixth birthday:	$	950

No more payments are made to Jerber Corp. after the childs sixth birthday. When the grandchild reaches the age of 65, he or she is promised to receive $300,000. If the relevant interest rate on this type of investment is 10 percent for the first six years, and 7 percent for all subsequent years.

Compute the future value of the payments on the granchild's 65^th birthday. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)