uat Calculator Admin

<calculator> <components> <CustomCalculationEnabled value="true" /> </components> <vos> <common> <AssumptionText type="cdata"><![CDATA[<p><b><font size="+1">Calculator Information</font></b></p><p>The Saving Plan 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 amount, regular deposit amount, term and interest rate.</p><p><b><font size="+1">Calculator Assumptions</font></b></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><p><b>Today’s Dollars' - Adjustments Based on the Assumed Rate of Inflation</b></p><p>Where the savings term is set for two or more years the value is adjusted based on the assumed rate of inflation of 2.5%*. The actual rate of inflation may differ significantly from this assumption. If inflation is more or less than the assumed rate of inflation, the outcome at the end of the selected period could be affected.</p><p><b>Fees, Charges and Interest Rate</b></p><p>This calculator does not take into account the effect of certain fees and costs such as exit fees, activity fees or taxes payable. When calculating a future value based on an interest rate, the calculator makes an assumption that the interest rate will not change over time.</p><p>* The assumed rate of inflation is set by ASIC at 2.5% based on the midpoint of the Reserve Bank of Australia’s target range for inflation.</p><p>Results from the calculator should be used as an indication only and do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rate quotes and default figures used in the assumptions are subject to change. This calculator is not intended to be relied on for the purpose of making a decision about a particular financial product and the user should consider obtaining advice from an Australian Financial Service Licensee before making any decisions. Calculator © InfoChoice 2016.</p>]]></AssumptionText> <Footer type="cdata"><![CDATA[ Note: This calculator does not take into account an assumed change in the cost of living between the time of the calculation and the future dates input. Results from the calculator should be used as an indication only and do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rate quotes and default figures used in the assumptions are subject to change. Calculator © InfoChoice 2016. ]]></Footer> </common> <savingsPlan> <SavingsPlanPanel title="Savings Plan" /> <TitleLabel text="My Savings Details" /> <StartingDepositForm label="Initial Amount" /> <RegularDepositForm label="Deposit Amount" /> <InterestFreqForm label="Deposit Frequency" /> <DepositFreqForm label="Deposit Frequency" visible="false" /> <SavingsTermForm label="Savings Term" /> <InterestRateForm label="Interest Rate" /> <DepositFreq type="list" value="Monthly,Fortnightly,Weekly" /> <InterestFreq type="list" value="Monthly,Fortnightly,Weekly" /> <StartingDeposit type="num" default="0" max="1000000" step="100" /> <StartingDepositRanges value="0,10000,30000,10000000" /> <StartingDepositValues value="100,1000,5000" /> <StartingDepositInputMax value="10000000" /> <RegularDeposit type="num" default="1000" min="10" max="100000" step="100" /> <RegularDepositRanges value="0,20000,50000,1000000" /> <RegularDepositValues value="100,1000,5000" /> <RegularDepositInputMax value="1000000" /> <InterestRate type="num" default="6" max="20" /> <SavingsTerm type="num" default="2" min="1" max="25" /> </savingsPlan> </vos> </calculator>