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<calculator>
  <components>
    <CalculatorTitle text="Business and SMSF Calculator" />
    <SavingsMaximizerPanel title="Business and SMSF" />
    <TitleLabel text="My Savings Details" />
    <StartingDepositForm label="Initial Deposit" />
    <RegularDepositForm label="Regular Deposit" />
    <InterestFreqForm label="Deposit Frequency" />
    <DepositFreqForm label="Deposit Frequency" visible="false" />
    <SavingsTermForm label="Savings Term" />
    <InterestRateForm label="Interest Rate" />
    <YearsMonthsForm label="Mths" />
    <CustomCalculationEnabled value="false" />
  </components>
  <vos>
    <tableView label="Monthly Breakdown" />
    <common>
      <InterestColumnHeading value="Cumulative interest" />
      <DepositedColumnHeading value="Total deposited" />
      <ProductFeed value="true" visible="false" />
      
      <ProductFeedURL value="https://www.infochoice.com.au/ich/handler/reportHandler?reportId=1738&amp;reportView=ProductList&amp;reportOutput=Xml&amp;skinId=1" />
      <AssumptionText type="cdata"><![CDATA[<p><b><font size="+1">Calculator Information</font></b></p>
          <p>
              The Business and SMSF 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.
          </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 parameter 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>
      <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. The default interest rate used is the Business Optimiser variable interest rate as at today. Changes in economic conditions e.g. inflation may not have been taken into account. 
          The formulae used with this calculator may change without notice. <br>Calculator © InfoChoice 2020.
      ]]></Footer>
    </common>
    <tableView label="Summary" />
    <SavingsMaximizer>
      <StartingDeposit type="num" default="5000" max="500000" step="50000" />
      <StartingDepositRanges value="0,500000,1000000" />
      <StartingDepositValues value="25000,50000" />
      <StartingDepositInputMax value="1000000" />
      <RegularDeposit type="num" default="1000" min="0" max="10000" step="500" />
      <RegularDepositRanges value="0,10000" />
      <RegularDepositValues value="500" />
      <RegularDepositInputMax value="100000" />
      <InterestRate default="2.50" min="0.10" max="20" step="0.20" />
      <SavingsTerm type="num" default="18" min="1" max="360" />
      <InterestFreq type="list" value="Weekly,Fortnightly,Monthly" selectedindex="2" />
      <SmartPhoneFirstPageHeading label="Enter your details" />
      <SmartPhoneSecondPageHeading label="What are My Savings Details?" />
    </SavingsMaximizer>
  </vos>
</calculator>

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