uat Calculator Admin

<calculator>
  <vos>
    <common>
      <AssumptionText type="cdata"><![CDATA[<p><b><font size="+1">Calculator Information</font></b></p><p>The Term Deposit Calculator calculates the total accumulated balance and its interest component in a term deposit account in respect of the parameters entered, namely initial deposit amount, interest rate (per annum) and investment term (months). Both the accumulated balance and its accumulated interest component are provided on a monthly basis.</p><p><b><font size="+1">Calculator Assumptions</font></b></p><p><b>Length of Month</b></p><p>All months are assumed to be of equal length. In reality, some term deposit accounts may accrue on a daily basis leading to a varying number of days’ interest dependent on the number of days in the particular month.</p><p><b>Interest Rate used for Compounding Frequency</b></p><p>One year is assumed to contain exactly 12 months, four quarters, and two six-monthly periods. The calculator assumes that the interest rate to be used in the compounding case is the annual rate entered divided by the corresponding frequency. This assumption is used consistently in the calculation of the amount of interest, total balance, and effective annual yield. This is standard industry practice.</p><p><b>Rounding of Amounts of Total Accumulation and Interest Earned</b></p><p>The amounts of total accumulation and interest earned are rounded to the nearer cent. In practice, the accuracy in these amounts is dependent on the rounding protocols used for interim amounts of interest credited to the account. The yield for the investment is shown as a percentage expressed to two decimal places. However it is not rounded off in the internal calculations of the accumulated balance and accumulated interest by month.</p><p><b>Other Assumptions</b></p><p>Calculator does not take into account any possible fees.</p><p>Interest rate does not change over the loan term.</p><p>Calculator assumes you reinvest the interest earned back into the savings account.</p><p>Calculator makes no allowance for inflation.</p><p>Calculator makes no allowance for any income tax payable on the interest earned.</p>]]></AssumptionText>
      <Footer type="cdata"><![CDATA[
          Note: The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change. This calculator does not take into account any change in the cost of living between the time of this calculator being used and the future time inputted into it. Results are based on information you have provided and do not take your personal circumstances into account.This calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product. You should consider obtaining advice from a financial services licensee before making any financial decisions. Consumers should check the terms and conditions with the bank relating to breaking a term deposit early.Calculator © InfoChoice 2024.
        ]]></Footer>
    </common>
    <termDeposit>
      <SavingsTermList selectedindex="0" />
      <StartingDeposit type="num" default="5000" step="1000" />
      <InterestRate type="num" default="2" max="20" min="-2" />
      <SavingsTerm type="num" default="3" min="1" max="25" />
      <SmartPhoneFirstPageHeading label="Your Savings Details" />
      <SmartPhoneSecondPageHeading label="Term Deposit" />
    </termDeposit>
  </vos>
  <conditionalVariables enabled="true" debug="false">
    
    <InterestPaid value="At Maturity">
      <SavingsTermList cmp="eq" index="0" />
    </InterestPaid>
    <InterestPaid value="Monthly,At Maturity">
      <SavingsTermList cmp="gt" index="0" />
      <SavingsTermList cmp="le" index="2" />
    </InterestPaid>
    <InterestPaid value="Monthly,Quarterly,At Maturity">
      <SavingsTermList cmp="gt" index="2" />
      <SavingsTermList cmp="le" index="8" />
    </InterestPaid>
    <InterestPaid value="Monthly,Quarterly,6 Monthly,At Maturity">
      <SavingsTermList cmp="gt" index="8" />
      <SavingsTermList cmp="le" index="11" />
    </InterestPaid>
    <InterestPaid value="Monthly,Quarterly,6 Monthly,Annually,At Maturity">
      <SavingsTermList cmp="gt" index="11" />
    </InterestPaid>
  </conditionalVariables>
</calculator>