$.$ You plan to go to a Law School Program six years from now. A public university JD Law School Program tuition $($in $ today$)$ is $$50,000$ for all $3$ years in total. The rate of inflation in the education industry is $3\%$ each year compounded quarterly. How much do you need in total in the year you want to start your law school?

The estimated answer

Q$5.$ Refer to Q$4.$ Assume in the year $6,$ you need $$60,000$ in total. Also, assume you have an opportunity to earn $8\%$ each year compounded monthly. How much should you deposit each month to achieve this educational planning goal?

explai using excel please