Frank Tepper will retire in 10 years and wishes to set-up a personal savings plan to supplement his employer's pension plan. Frank will deposit £2,000 at the end of each of those 10 years into an account earning 8%.

a. How much would have in the account after the last payment is made?

b. What is the most that he could withdraw in equal amounts over 1 years, starting 1 year after the last payment has been made into the account?