Problem $4-66$ Future Value and Multiple Cash Flows

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 child$$s birth. For this policy, the purchaser $($say$,$ the parent$)$ makes the following six payments to the insurance company:

First birthday $ $890$

Second birthday $ $890$

Third birthday $ $990$

Fourth birthday $ $850$

Fifth birthday $ $1,090$

Sixth birthday $ $950$

After the child$$s sixth birthday, no more payments are made. When the child reaches age $65,$ he or she receives $$390,000.$ If the relevant interest rate is $11$ 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? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$