A.
In order to calculate the amount after 5 years for compound interest, we can use the formula:
[tex]P=P_0\cdot(1+\frac{i}{n})^{nt}[/tex]Where P is the final amount after t years, P0 is the initial value, i is the interest rate and n depends on the compound period (since it's monthly, let's use n = 12).
So we have:
[tex]\begin{gathered} P=28000(1+\frac{0.093}{12})^{5\cdot12} \\ P=28000\cdot(1+0.00775)^{60} \\ P=44496.56 \end{gathered}[/tex]B.
For t = 29, we have:
[tex]\begin{gathered} P=28000\cdot(1.00775)^{12\cdot29} \\ P=411088.01 \end{gathered}[/tex]