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. The details of the policy are as follows: The purchaser (say, the parent) makes the following six payments to the insurance company: First birthday Second birthday Third birthday Foi birthday Fifth birthday Sixth birthday 68 69 68 69 68 69 830 830 930 850 $ 1,030 950 After the child's sixth birthday, no more payments are made. When the child reaches age 65, he or she receives $330,000. If the relevant interest 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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value