Prod Calculator Admin

<calculator>

  <vos>

    <common>

      <FormulaType value="2" />

      <AssumptionText type="cdata"><![CDATA[  <p><b><font size="+1"> Calculator Information</font></b></p>

        <p>

            The Loan Repayments Calculator gives an indication of the type of repayment 

            required and the total interest payable, at the frequency requested, in respect of the 

            loan parameters entered, namely amount, term and interest rate.</p>

        <div class="ic-hrline">

        </div>

        <p><b><font size="+1">Calculator Assumptions</font></b></p>

        <strong>Length of Month</strong><br />

        <p>

            All months are assumed to be of equal length. In reality, many loans accrue interest on 

            a daily basis which means monthly interest charges may vary depending on the number of 

            days in the particular month.</p>

        <strong>Number of Weeks &amp; Fortnights in a Year</strong>

        <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>

        <strong>Rounding of Amount of Each Repayment</strong>

        <p>

            In practice, repayments are rounded to at least the nearer cent. However the calculator 

            uses the unrounded repayment to derive the amount of interest payable at points along the 

            graph and in total over the full term of the loan. This assumption allows for a smooth graph 

            and equal repayment amounts.</p>

        <strong>Interest Rate</strong>

        <p>

            The interest rate used in this calculation is the AMP's Rate for investment purposes 

            (which is a variable interest rate based on principal & interest repayments) and may change at any time without notice.</p>

        ]]></AssumptionText>

      <Footer type="cdata"><![CDATA[Note: The results are an approximate guide and should not be used as exact values 

        for financial planning purposes. The results do not constitute an offer to provide credit and do not imply that 

        credit is available. The formulae used within this calculator may change at any time without notice. 

        Applications are subject to AMP’s usual credit assessment. Fees and charges apply. Full details of terms 

        and conditions, including fees and charges are available on request. The calculator is provided by InfoChoice. ]]></Footer>

    </common>

    <loanRepayments>

      <InterestRate type="num" default="5.42" max="20" />

      <LoanTerm type="num" default="25" min="1" max="30" />

      <FixedPeriod type="num" min="0" default="2" max="30" />

      <LoanAmount type="num" default="300000" min="40000" max="3000000" step="1000" />

      <LoanAmountRanges value="0,1000000,2000000,5000000" />

      <LoanAmountValues value="10000,50000,200000" />

      <LoanAmountInputMax value="5000000" />

      <InterestFreeRate type="num" default="4.5" max="20" />

    </loanRepayments>

  </vos>

  <components>

    <InterestSavedForm label="Interest you &lt;br&gt;could save" />

    <TimeSavedForm label="Time you &lt;br&gt;could save" />

    <IncreasedRepaymentAmountForm label="Increased &lt;br&gt;repayment &lt;br&gt;amount" />

    <InterestFreePeriodForm label="Interest Only Period" />

  </components>

</calculator>