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<calculator> <vos> <common> <ProductFeed value="true" visible="false" /> <!-- visible="false" as we are not showing product dropdown --> <ProductFeedURL value="https://www.infochoice.com.au/ich/handler/reportHandler?reportId=1738&reportView=ProductList&reportOutput=Xml&skinId=1" /> <AssumptionText type="cdata"><![CDATA[ <p><b><font size="+1">Calculator Information</font></b></p> <p> The Saving Goal Calculator gives indicative results for 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.<br /> </p> <p><b>Number of Weeks & 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 entered by the user – namely 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> <!-- <p><b>Default Interest Rate</b></p> <p> The default interest rate used is the Savings Maximiser variable interest rate as at today, which is subject to change. </p> --> <Footer type="cdata"><![CDATA[Note: The results shown by the calculator are an approximate guide only. They do not represent either quotes or pre-qualifications for any product and should not be used as exact values for financial planning purposes. Before acting on any information in this calculator, please read the relevant terms and conditions and consider whether it is appropriate for your circumstances. The calculator assumes that deposits and interest crediting occurs at the same frequency. This frequency is an input parameter entered by the user – namely monthly, fortnightly or weekly. Changes in economic conditions e.g. inflation may not have been taken into account. The formulae used with this calculator may change without notice. Calculator © InfoChoice 2020. ]]></Footer> <!-- The default interest rate used is the Savings Maximiser variable interest rate as at today. --> </common> <tableView label="Summary" /> <graphView label="Graph" /> <savingsGoal> <GoalDeposit default="5000" min="0" max="1000000" step="1000" /> <AlreadySaved default="1000" min="0" max="250000" step="1000" /> <InterestRate default="4.60" min="0.25" max="25" step="0.25" /> <GoalDepositRanges value="0,10000,30000,10000000" /> <GoalDepositValues value="100,1000,5000" /> <GoalDepositInputMax value="1000000" /> <AlreadySavedRanges value="0,20000,50000,250000" /> <AlreadySavedValues value="100,1000,5000" /> <AlreadySavedInputMax value="250000" /> <DepositFreq type="list" value="Monthly,Fortnightly,Weekly" selectedindex="0" /> <SavingsTerm type="num" default="18" min="1" max="360" /> <SmartPhoneFirstPageHeading label="Enter your details" /> <SmartPhoneSecondPageHeading label="What are My Savings Details?" /> </savingsGoal> <components> <SavingsPlanPanel title="Savings Goal" /> <TitleLabel text="Enter your details" /> <GoalDepositForm label="Goal" /> <AlreadySavedForm label="How much you've already saved" /> <InterestFreqForm label="Interest Frequency" /> <DepositFreqForm label="Deposit Frequency " visible="false" /> <SavingsTermForm label="Savings Term" /> <InterestRateForm label="Interest Rate" /> <YearsMonthsForm label="Mths" /> <SmartPhonetableView label="Summary" /> </components> </vos> </calculator>
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