please explain step by step so i can understand

1. A businessman currently has $225,000 and wants to buy a small airplane priced at $350,000 in 5 years. He invests the $225,000 at 9% annual interest compounded monthly for 5 years. A = P(1 +5) A. [3 pts) How much money will he have after the 5-year term (investment plus interest)? B. [5 pts] At the end of the 5 years he goes to the sales office to buy the airplane. Will he have extra money after buying the airplane? How much? If not, how much will he have to borrow be able to buy the airplane