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 Question #1 and list the keystrokes used to solve the problem.

You reach a settlement in your lawsuit against Wii, Cheet, Them, LLC which requires the company to pay you $1,000 per month for the next 5 years. You hear a commercial with a catchy jingle (its my money and I want it now.) and plan to sell your annuity for a single lump sum. Assume you are willing to accept a discount rate of 7.60% on these funds. How much would you expect to receive today in exchange for your rights to continue receiving payments under the settlement?