Question: In a MS-Word document (Document 1), identify what type of TVM problem(s) are being used from the following list: Present value Future value Present value

In a MS-Word document (Document 1), identify what type of TVM problem(s) are being used from the following list:

Present value Future value Present value of an annuity Future value of an annuity Annuity of a present value Interest rate

Using your financial calculator, answer the question below and list the keystrokes used to solve the problem.

I am 25 years old and plan on retiring at age 65. I spend $2.50 each-and-every day on my favorite coffee beverage at McDonalds. If I forego my daily coffee and can instead invest this money at a return rate of 8.0%, how much extra money will I have at the time of my retirement?

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