Please answer Q3 on attached document.

LIFE INSURANCE AND INVESTMENT FOUNDATIONS Life Situation Financial Data Pam, 43 Josh, 45 Children ages 16, 14, and 11 Monthly income $4,900 Living expenses $4,450 Emergency fund $5,000 Assets Liabilities $262,700 $84,600 With three dependent children, the Brocks are assessing their life insurance. Pam has $5,000 of coverage. Josh has life insurance coverage equal to approximately eight times his annual salary. With approximately 20 years to retirement, Pam and Josh Brock want to establish a more aggressive investment program to accumulate funds for their longterm financial needs. Josh does have a retirement program at work. This money, about $110,000, is invested in various conservative mutual funds. In addition, the Brocks established their own investment program about four years ago, and today they have about $36,000 invested in conservative stocks and mutual funds. In addition to their investment program, the Brocks have accumulated $11,000 to help pay for the children's college educations. Also, they have $5,000 tucked away in a savings account that serves as the family's emergency fund. Finally, both will qualify for Social Security when they reach retirement age. Questions Q3. Given that Pam is 43 and Josh is 45 and they have three children who will soon begin their college educations, what investment goals would be most appropriate