How much money do you need to put in a money market fund

Reference no: EM13303381

You spend $75 a month on glossy fashion and home-beautiful magazines, an activity which your husband opposes. So, you decide to take a portion of your recent inheritance and put it in a special fund to perpetually fund your activity. How much money do you need to put in a money market fund today earning a nominal 6% a year to fund your literature expenses a) forever and b) for the next 6 years?

Reference no: EM13303381

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