WRITTEN RESPONSE ONLY PLEASE. I NEED ALL WORKING OUT SHOWN AND WRITTEN ON PAPER PLEASE BECAUSE I NEED TO WRITE OUT HOW I GOT THE ANSWERS PLEASE AND THANK YOU!

10 years have passed, and Gerald's business is doing well. Further, he has made all the repayments on his loan so far as described above, and has just made the repayment due today. However, it has just been announced that the interest rate on lGerald's loan will go up to 5.5% p.a. compounding semiannually. d) Calculate the new equivalent effectiye monthly rate on the loan. {1 mark) e) Calculate the current loan outstanding (again, it is 10 years after the loan was initially taken out). Note that the new interest rate only applies from today onwards. (2 marks) f) Because Gerald's business is doing well, he decides to repay a lump sum of $10,000 immediately. To further reduce the amount of interest he is paying to the bank, he will increase his monthly repayments to $1,000 per month. How many full repayments of $1,000 does Gerald have to make in order to fully repay this loan? {Note Gerald may need to make a further, smaller payment in the subsequent month) (2 marks) g) Calculate the size of the smaller payment. (I mark)