[填空题]
Charles plans to invest in a retirement plan for 30 years.as, g5 /4roe 1(eefutd Incr n :tpx zwxq0h.)5g+ this plan, he will deposit 1000 British pounds (GBP) at the end of every month and receive a 6.5% interest rate pe0w5 x+rtz. qpxn )ch:gr annum, compounded monthly.
1.Find the future value of the investment at the end of the 30 years. Give your answer correct to the nearest pound.
Hence the value of the investment at the end of the 30 years is GBP.
After the 30-year period, Charles will start receiving regular monthly payments of 1500 GBP.
2.Calculate the number of years it will take Charles's monthly retirement payments to match the total amount originally invested.
Hence Charles breaks even with the amount he invested after years.
