can someone answer these questions and show working ?

10. 11. The recurrence relation below expresses the amount owing on a reducing balance loan where interest is calculated monthly and Tn is the amount owing after the nth monthly repayment. .. Tm = 1.017;. - 300 , where To = 5500 (a) Calculate T1 (b) How much money was borrowed? (c) How much are the monthly repayments? (d) What annual percentage interest rate is being charged? (e) How much will be owing after 1 year? Hamid invests in a perpetuity with an interest rate of 2.3%p.a. compounding six-monthly and then donates the payment to a charity of his choice. How much did he invest if he donates $460 twice a year? Calculate the repayments required to fully repay $100 000 borrowed at 6%p.a. for 10 years with quarterly repayments and interest compounded quarterly Stanley invests 3500 into an account that earns 9%p.a. compounding monthly. At the start of each new month, he pays $100 into the account. (a) How much will Stanley have in the account by the end of 2 years? (b) How much interest will he have earned by the end of 2 years? (1) (0.5) (0.5) (1) (1) (1) (2) (2) (1)