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Master of Professional Accounting Name of the University Author

   

Added on  2021-04-21

18 Pages2930 Words422 Views
Running head: MASTER OF PROFESSIONAL ACCOUNTINGMaster of professional accountingName of the StudentName of the UniversityAuthor Note

1MASTER OF PROFESSIONAL ACCOUNTINGTable of ContentsAnswer to question 1:.................................................................................................................3Requirement a).......................................................................................................................3Requirement b).......................................................................................................................3Answer to question 2:.................................................................................................................5Requirement a).......................................................................................................................5Requirement b).......................................................................................................................5Requirement c).......................................................................................................................6Answer to question 3:.................................................................................................................7Requirement a).......................................................................................................................7Requirement b).......................................................................................................................7Requirement c).......................................................................................................................8Requirement d).......................................................................................................................8Requirement e).......................................................................................................................9Answer to question 4:.................................................................................................................9Requirement a).......................................................................................................................9Requirement b).....................................................................................................................10Requirement c).....................................................................................................................10Requirement d).....................................................................................................................10Requirement e).....................................................................................................................11Answer to question 5:...............................................................................................................11Introduction:.........................................................................................................................11

2MASTER OF PROFESSIONAL ACCOUNTINGDiscussion:...........................................................................................................................12Conclusion:..........................................................................................................................14References list:.........................................................................................................................15

3MASTER OF PROFESSIONAL ACCOUNTINGAnswer to question 1:Requirement a)ParticularsAmountUniversity expenses p.a.A$40,000.00Nos. of Years in UniversityB4Total Fund RequiredC=AxB$1,60,000.00Annual Interest RateD4%Nos. of Annual DepositsE17Annual Deposit AmountF=(CxD)/[(1+D)^E-1]$6,751.76Requirement b)For the purpose of deposit of money by grandfather, three banks have been chosenthat is Commonwealth bank, NAB, ANB and Westpac. Evaluation of banks for selection aredone by considering several parameters such as interest rate, location, convenience and otheramenities such as serving coffees. All the banks common wealth bank, Westpac, NAB andANZ pays interest rate compounded quarterly at rate of 5%. For selecting the bank, futurevalue of deposit has been computed. For the computation, the present value of amount to bedeposited by grandfather is considered. In addition to this, time for which money will bedeposited in the bank, interest rate and number of compounding periods have been considered(Uechi et al. 2015). The future values are as follows:

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