uat Calculator Admin

<calculator> <vos> <tableView label="Monthly Breakdown" /> <savingsPlan> <StartingDeposit type="num" default="200" min="0" step="100" max="10000" /> <StartingDepositRanges value="0,100,5000,10000" /> <StartingDepositValues value="50,100,100" /> <StartingDepositInputMax value="100000" /> <RegularDeposit type="num" default="10" min="0" max="1000" step="50" /> <RegularDepositRanges value="0,500,1000" /> <RegularDepositValues value="50,100" /> <RegularDepositInputMax value="1000" /> <DepositFreq type="list">Weekly,Fortnightly,Monthly,Annually</DepositFreq> <InterestRate type="num" default="2.5" max="20" /> <SavingsTerm type="num" default="16" min="1" /> </savingsPlan> <common> <AssumptionText type="cdata"><![CDATA[<p><b><font size="+1">Calculator Information</font></b></p><p>This Savings Calculator calculates the total accumulation in a savings account, at the regular deposit frequency requested, in respect of the savings plan parameters entered, namely initial deposit, regular deposit amount, term and interest rate.</p><p><b><font size="+1">Calculator Assumptions</font></b></p><p><b>Initial Deposit and Savings Term</b></p><p>This calculator assumes a $200 initial deposit and a 16 year savings term, based on the terms of our partner, Westpac's new Bump Savings account, available to Australian babies born in 2017.</p><p><b>Interest Rate</b></p><p>The example interest rate of 1.5% used in our financial modelling is deliberately conservative and not indicative of future interest rates on the account.</p><p><b>Length of Month</b></p><p>As done in most financial calculators, all months are assumed to be of equal length. In reality, many savings accounts 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>Number of Weeks &amp; Fortnights in a Year</b></p><p>One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.</p><p><b>Deposit and Interest Compounding Frequency</b></p><p>The calculator assumes that deposits and interest crediting occurs at the same frequency. This frequency is an input parameter entered by the user - namely annually, monthly, fortnightly or weekly.</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.</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. 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. 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. Calculator © InfoChoice 2016. ]]></Footer> </common> </vos> <components> <SavingsPlanPanel title="Savings Calculator, in partnership with Westpac's Bump initiative" /> <InterestFreqForm label="Deposit Frequency" /> </components> </calculator>