An annuity can be modelled by the recurrence relations below. Deposit phase: A = 265000, An+1 1.0031 x A, + 750 Withdrawal phase: A0 = P, Anti 1.0031 x A, - 1800 where A, is the balance of the investment after n monthly payments have been withdrawn or deposited. a For the deposit phase, calculate: i the annual percentage rate of interest for this investment ii the balance of the annuity after three months b After three months, the annuity will enter the withdrawal phase. i What is the monthly withdrawal amount? ii What is the value of P? iii What is the balance of the annuity after three withdrawals? C How much interest has been earned: i during the deposit phase? ii during the withdrawal phase for three withdrawals? iii in total over this period of six months?