When Penny was $8,$ her parents opened an education investment portfolio. Her parents invested $$7000$ into a trust account that earns an interest rate of $5\%,$ compounded annually. They also started making regular contributions of $$200$ each month into a savings account that earns $3\mathrm{.}5\%$ compounded monthly.

a$.$ What is the total value of the portfolio when she turns $18?($you can use the TVM calculator$)$

b$.$ She uses $$14000$ each year and reinvests the remainder in an account that earns $5\mathrm{.}5\%$ interest compounded monthly. Will she have enough to complete $3$ years of school?