Q8 Ch 11 (20%) Go to the St. Louis Federal Reserve FRED database and find data on the level of money market mutual fund assets (MMMFFAQ027S). Download the data into a spreadsheet.

a. When did assets start entering money market mutual funds? What was the total worth of assets in money market mutual funds at the end of 1970?

b. For each decade period, calculate the total percentage change in assets from the beginning of the decade to the end of the decade: 1980:Q11990:Q1; 1990:Q12000:Q1; 2000:Q12010:Q1. For each decade period, divide the total percentage change by 10 to get the average yearly percentage increase. Which decade had the largest average yearly growth in money market mutual funds?

c. Calculate the growth rate from the most recent quarter of data available to the same quarter a year prior. How does this growth rate compare to the highest average yearly growth rate for the decades from part (b)?

Please show work for all three parts. It is best to type up the answers, thank you!