Can I have help with this Case Problem Milestone? Explanation and details would be greatly appreciated. Thank you!

MILESTONE III: Reverend Mark Thomas Ponders Mutual Funds The Reverend Mark Thomas is a minister in San Diego. He is married, has one young child, and earns a modest income. Because religious organizations are not notorious for their generous retirement programs, the reverend has decided he should do some investing on his own. He would like to set up a program that enables him to supplement the church's retirement program and at the same time provide some funds for his child's college education (which is still 12 years away). He is not out to break any investment records but wants some backup to provide for his family's long-run needs. Reverend Thomas believes that with careful planning, he can invest about $250 a quarter (and, with luck, increase this amount over time). He currently has about $15,000 in a savings account that he is willing to use to begin this program. He is not interested in taking a lot of risk. Because his knowledge of investments is very limited, he approaches you for some investment advice. DELIVERABLES a. In light of Reverend Thomas's investment goals, do you believe mutual funds are appropriate for him? Explain b. Do you think he should start by putting his $15,000 savings in a mutual fund? Why or why not. c. What type of investment program would you set up for Reverend Thomas? Include in your answer some discussion of the types of funds you would consider, the investment objectives you would set, and any investment services (e.g., withdrawal plans) you would seek. Would taxes be an important consideration in your investment advice? Explain