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<calculator>
  <vos>
    <common>
      <AssumptionText type="cdata"><![CDATA[<p><b><font size="+1">Calculator Information</font></b></p><p>The Credit Card Repayments Calculator allows you to compare different scenarios to see how long it will take to pay off your credit card and how much interest is paid when you make the minimum repayment or if you were to make higher repayments.</p><p><b><font size="+1">Calculator Assumptions</font></b></p><p><b>Balance outstanding</b></p><p>Outstanding balance is the amount borrowed from the institute or bank on purchases made with credit card. It is the amount outstanding for repayments.</p><p><b>Interest rate</b></p><p>Total interest paid calculation is based on the interest rate provided/specified.</p><p><b>Annual fee</b></p><p>Annual fee is charged once a year for credit card and may added with the remaining outstanding balance if any. The minimum repayment time and faster repayment time are influenced by the annual fee. The annual fee may differ for different institutes.</p><p><b>Min repayment allowed ($)</b></p><p>Minimum repayment is the least amount needs to be paid by the monthly due date and may differ for different institutes</p><p><b>Min repayment allowed (%)</b></p><p>It  is the percentage of the closing balance allowed to make minimum monthly repayment, based  on the card balance and may differ for different institutes.</p><p><b>Make a higher repayment</b></p><p>Higher repayment is the monthly payment amount more than minimum monthly repayment, which in turns  can pay off the credit card dues faster and pay less interest. The calculator assumes that higher repayment amount paid  remains constant for each month.</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 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 2019.]]></Footer>
    </common>
  </vos>
  <creditCard>
    <BalanceOutstanding type="num" default="10000" min="0" max="500000" step="100" />
    <InterestRate type="num" default="15.50" min="0" max="30" step="0.25" />
    <AnnualFee type="num" default="30" min="0" max="1000" step="10" />
    <MinRepaymentAmount type="num" default="10" min="0" max="50000" step="100" />
    <MinRepaymentPerc type="num" default="2.50" min="1.39" max="100" step="0.25" />
    <MinRepaymentCalculated type="num" default="250" max="100000" />
    <HigherRepayment type="num" default="300" min="10" max="100000" step="100" />
    <BalanceOutstandingForm label="Balance Outstanding" />
    <InterestRateForm label="Interest Rate" />
    <AnnualFeeForm label="Annual Fee" />
    <MinRepaymentAmountForm label="Minimum Repayment Allowed($)" />
    <MinRepaymentPercForm label="Minimum Repayment Allowed(%)" />
    <HigherRepaymentForm label="Make A Higher Repayment" />
    <BalanceOutstandingSliderStepRanges value="0,10000,30000,5000000" />
    <BalanceOutstandingSliderStepValues value="100,1000,5000" />
    <BalanceOutstandingInputMax value="1000000" />
    <HigherRepaymentSliderStepRanges value="0,20000,50000,100000" />
    <HigherRepaymentSliderStepValues value="100,1000,5000" />
    <HigherRepaymentInputMax value="1000000" />
    <MinRepaymentAllowedSliderStepRanges value="0,20000,50000" />
    <MinRepaymentAllowedSliderStepValues value="100,1000" />
    <MinRepaymentAllowedInputMax value="100000" />
  </creditCard>
</calculator>

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