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<calculator>
  <vos>
    <common>
      <ShowStampDutyAssumption value="true" />
      <AssumptionText type="cdata"><![CDATA[
            <p><b><font size="+1">Calculator Information</font></b></p>
            <p>The Principal and Interest Calculator provides a schedule 
                of your monthly repayments and shows you what portion goes 
                towards interest and what portion goes toward paying
                off the principal amount borrowed.<br /><br /> Once finished you can
                keep a permanent record by printing each page of the schedule. 
                You will also be able to save the whole schedule to your
                computer by clicking on the save icon.</p>
            <p><b><font size="+1">Calculator Assumptions</font></b></p><p><b>Length of Month</b></p><p><br />All months are assumed to be of equal length. In reality, many loans 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 &amp; Fortnights in a Year</b></p><br /><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><br />
            <p><b>Rounding of Amount of Each Repayment</b></p><p><br />In practice, repayments are rounded to at least the nearer cent. Note that the final repayment after the increase in repayment amount will be a partial repayment as required to reduce the loan balance to zero.</p><br />
            <p><b>Interest rate for loan repayment</b></p><p><br />Monthly repayment is calculated in respect of the rounded loan amount and using interest rate entered, not including any interest rate buffer.</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 2022.]]></Footer>
    </common>
    <amortisation>
      <InterestRate type="num" default="4.10" max="20" min="0" step="0.25" />
    </amortisation>
  </vos>
</calculator>

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