I think this is a pretty tricky (and silly) problem, and I disagree with Dan's version.
First, you don't know what the reaction order is, so you can't integrate any rate law unless you make arbitrary assumptions (like r = k [A] in Dan's reply).
But then, you don't need to do that, because they ask you to consider the rate constant (r = k, pseudo zero order!), for a 'short period of time' (without specifying any actual time interval - very scientific!).
So the actual answer is that after t = 4.40 min, the reaction proceeds at the constant rate of 2.2x10-2 M/min. The integrated rate law for zero order reactions is:
k(t1-t0) = A0-A1
So for the concentration at 5 min:
A1 = A0 - k(t1-t0) = 0.588 M - 2.2x10-2 M/min * (5.00-4.40) min = 0.5748 M
And for the reverse question:
t1 = t0 + (A0-A1)/k = 4.40 min + (0.588-0.565) M / (2.2x10-2 M/min) = 5.445 min
Anyway, I find this problem completely useless for learning kinetics, because there are hardly any actual reactions behaving like this, and it's more down to getting the trick in the text than to understanding what happens in reality.