Question 376392
It follows the compounded balance formula:{{{B = P(1+r/n)^(nt)}}}.  Here P = 5.89, r = 0.02, n = 1, and t = 9.  Then

{{{B = 5.89(1+0.02)^9 = 5.89*1.02^9 = 7.04}}}.

For t = 19, {{{B = 5.89(1+0.02)^19 = 5.89*1.02^19 = 8.58}}}.