2. Ms. Smith is considering investing either $6,000 today and not adding to her account over the next 15 years or investing $1,000 per year for each of the next 15 years. She expects to earn 6% on all invested monies during the full investment period regardless of which investment path she takes. Which of the two investment paths provides the highest dollar value at the end of year 15? Identify which path produces the highest final value and show the calculations necessary to support your answer. Work Area: 3. Mr. and Mrs. Jones want to begin saving for their child's college costs. The Jones' want to accumulate $120,000 in the college savings account 15 years from today. a. If they invest the same dollar amount at the end of each year for the next 15 years and earn a 5% rate of return on all invested monies how much will they need to invest with each of the 15 payments to reach the $120,000 goal