Problem $5-60$ Future Value and Multiple Cash Flows $[$LO $1]$

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:

$\backslash$table$[[$First birthday:,$$850$