The argument in MooS's answer is very nice, but here's an alternative proof via Cayley-Hamilton. Let $p(x)\in F[x]$ be the characteristic polynomial of $T$, and write $p(x)=x^mq(x)$, where $x$ does not divide $q(x)$. Since $p(x)$ has degree $\leq n$, we have $m\leq n$. Write $q(x)=xr(x)+c$ where $c\in F$; by definition of $q$, $c\neq 0$. Now suppose $v\in \ker(T^{n+1})$. We have $$q(T)T^nv=p(T)T^{n-m}v=0$$
since $m\leq n$ and $p(T)=0$ by Cayley-Hamilton, and $$q(T)T^nv=r(T)T^{n+1}v+cT^nv=cT^nv$$
since $T^{n+1}v=0$. Since $c\not=0$, this implies $T^nv=0$. Thus $\ker(T^{n+1})\subseteq \ker(T^n)$.
The statement about ranges can be proven similarly. Suppose $v\in\operatorname{range}(T^n)$; write $v=T^nw$. Then as above, we have $$0=q(T)T^nw=r(T)T^{n+1}w+cT^nw.$$
Rearranging this, we get $v=T^nw=T^{n+1}(-c^{-1}r(T)w)$. Thus $v\in\operatorname{range}(T^{n+1})$.
(Alternatively, the statement about ranges actually follows from applying the statement about kernels to the dual map $T^*:V^*\to V^*$.)