Maxim Financial Corp. is offering a new type of investment to families who are expecting to have a child. Typically, the investment is made by a parent or grandparent for a child at the childs birth. The buyer of the investment makes the following six payments to Maxim Financial Corp.:

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

After the childs sixth birthday, no more payments need to be made. When the child reaches age 65, he or she is entitled to $300,000 in cash. The relevant interest rate on this investment is 10 percent for the first six years and 7 percent for all subsequent years.

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