7. A recent Florida Tech graduate, Lucas Emerson, is currently working as a department manager at Best Buy. He wants to save money for a down payment on a four bedroom house with a home entertainment center and swimming pool. He plans to purchase the house within four (4) years. Lucas heard from his friends that investing in stocks is the best way to quickly maximize the value of his investments. He plans to save (and invest) $500 per month for the next 4 years. He needs at least $27,000 for the down payment on his dream house. Lucas will invest the money in a Traditional IRA (a non-taxable account). His marginal tax rate is 22%. 1. If Lucas invests his money in an aggressive growth international stock mutual fund earning 7.5% per year, how much will he have saved at the end of four years? 1. If Lucas invests his money in a high-quality corporate bond ETF which earns a return of 2.37% per year, how much will he have saved at the end of four years? 1. Given Lucas' investment goal and time horizon, what advise would you give him? 7. A recent Florida Tech graduate, Lucas Emerson, is currently working as a department manager at Best Buy. He wants to save money for a down payment on a four bedroom house with a home entertainment center and swimming pool. He plans to purchase the house within four (4) years. Lucas heard from his friends that investing in stocks is the best way to quickly maximize the value of his investments. He plans to save (and invest) $500 per month for the next 4 years. He needs at least $27,000 for the down payment on his dream house. Lucas will invest the money in a Traditional IRA (a non-taxable account). His marginal tax rate is 22%. 1. If Lucas invests his money in an aggressive growth international stock mutual fund earning 7.5% per year, how much will he have saved at the end of four years? 1. If Lucas invests his money in a high-quality corporate bond ETF which earns a return of 2.37% per year, how much will he have saved at the end of four years? 1. Given Lucas' investment goal and time horizon, what advise would you give him