1. The basic thing is to establish that the sequence has a limit.
Let cosn1 represent the cosine function applied n times on the number 1
Now 1>cos(cos(1))
i.e. 1>cos21.
Hence,
cos31>cos11 (as cos is a decreasing function in (0,pi)
cos21>cos41
cos51>cos31 and so on
So, you get that the sequence cos1, cos31, cos51,... is an increasing sequence, while the sequence cos21, cos41, cos61,... is a decreasing sequence. The sequences are bounded and hence the sequences converge.
Suppose they converge to different limits l1 and l2.
Then l1 and l2. are solutions to the equation x = cos(cos(x)) in the interval (0,1)
Let f(x) = x-cos(cos(x)).
f'(x) = 1-sin(sin(x)).sin(x)>0.i.e. it is a strictly increasing function. You can prove that it has a solution in (0,1). So that solution is unique.
Hence l1 = l2.
The limit is the solution to x = cosx, which comes to around 0.73.