Cool.Times New Roman is pretty much standard. You'll often be indicated to use this font in university.
I have one teacher who does.'coz you know, teachers will subconsciously view an assignment more favourably based on a university standard font -_-
It is.thought calibri (body) was the new standard for word docs.
Calibri is used because it is an easier font for reading online. Times New Roman is easier to read printed.It is.
Calibri (body) or Times New Roman at size 12, with 1.15-1.25 spacing and paragraphing of 6 before and 6 after should be fine.