Financial Calculator Update 6/30/2010
The quarterly update for 6/30/2010 is a minor update that affects realively few calculators. We recommend you review the update items below. Most calculators do not have any calculation or text changes. If none of your calculators are mentioned specifically below, there is no need to implement this update.
If you implement this update and you have not updated your calculators for the 3/31/2010 or 12/31/2009 releases you should definitely refresh your existing HTML calculator pages. All updates are cumulative, so if you start fresh with this update you will have all previous calculator updates as well. If you would like, you can review our 3/31/2010 update: 3/31/2010 Update. (The 6/30/2010 update includes all changes included in previous updates, you do not need to download any other updates to have the most current versions of all of the calculator components.)
Make sure to try our Calculator Configurator: Calculator Configurator
If you are customizing your colors, borders or any other calculator attribute this can help!
Update instructions*:
- Download the latest version of your calculators from your download site, found on your update e-mail notice.
- Execute the Calc.exe file from your download. This is a self-extracting zip file. (Or unzip the Calc.zip file if you are using a non-windows platform.)
- When prompted for a directory, you may use the default of "java" or enter your own. It is recommended that you extract the update to a new directory and then move the required files to your production environment. One directory will be created with no subdirectories.
- Delete the contents, in your current deployment, of the KJEgui, KJEgraph and KJEcalculation directories and remove them from your server. The new version no longer requires these directories or their content.
- Replace your current dinkytown.jar file with the new version.
- Replace all files with the extension "class" with the new version.
- Make required changes to any HTML documents as described in this document or replace all of your existing HTML documents and re-apply your web-site custom changes.
*Please note, if you have a Servlet or other custom deployment (other than the custom formatted delivery described below), installation instructions for your package will found on your download page.
Update for custom formatted delivery**:
**Custom formatted delivery is a special option that you can add to your maintenance update service. With this option we can apply an HTML, JSP, CFM or ASP template to your calculator pages and their reports before the update is sent to you. You will then receive your calculator pages with all of your site formatting in place, without any rework to include changes that have been made to the pages deployed on your server. If you are interested in using custom formatted delivery, please contact us at (612) 331-2291, or for more information.
- Download the latest version of your calculators from your download site, found on your update e-mail notice.
- Execute the Calc.exe file from your download. This is a self-extracting zip file. (Or unzip the Calc.zip file if you are using a non-windows platform.)
- When prompted for a directory, you may use the default of "c:\java" or enter your own. It is recommended that you extract the update to a new directory and then move the required files to your production environment. One directory will be created with no subdirectories.
- Delete the contents, in your current deployment, of the KJEgui, KJEgraph and KJEcalculation directories and remove them from your server. The new version no longer requires these directories or their content.
All pages will be custom formatted to your site, no further integration or modification of the calculators is required. Please note, if your custom delivery uses Active Server Pages (ASP), Java™ Server Pages (JSP) or Cold Fusion (CFM) the respective ASP, JSP or CFM pages will be in place of your HTML documents for all calculator main pages. Report templates will remain in HTML documents (these documents are not called by your server, but instead used by the applet in the main calculator page).
To clear your Browser's cache:
When you test the new version of the calculators, make sure that the browser you are using uses the new files instead of any it may have in its cache. You may need to clear the browser's cache manually to ensure the new versions are loaded.
Internet Explorer:
Choose "Internet Options" under the "Tools" menu and on the "General" tab click on the "Delete" button under the Browsing History section. Click the top button "Clear private data now..." Click "Ok" when prompted if you wish to delete all temporary files. Close this dialog box, and all open Internet Explorer windows. Your Cache should then be cleared.
Firefox and Netscape:
Choose "Clear private data..." under the "Tools" menu. Check the box for "Cache" and then click the button "Clear private data now".
Master Changes (HTML Modification required, affects all calculators)
None
Master Changes (no HTML changes required, affects all calculators)
Minor alignment issues with colons has been addressed across all calculators (doesn't affect and HTML documents, reports or definitions). This change only affects the dinkytown.jar file and only will impact a calculator's input field labels. You may not see any change on most calculators, but some calculators had the colons not quite in vertical alignment along a column of inputs.
Updates that require modifications to HTML documents
- 72T Calculator, 72T Distribution Impact: (Retire72T.html, Retire72T2.html, Retire72Alt.html), SPRetire72T.html, SPRetire72Alt):
The default "Reasonable interest rate" has been changed to 2.83% to reflect 120% of the current Federal Mid-Term rate as of July 2010.
- French calculatorsRate of Return for French Canadian Calculators updated to:
Par exemple, depuis les trente dernières années, le taux moyen de rendement de la bourse de Toronto est de 10% approximativement. Le rendement d'un compte de banque est de 2% ou moins.
Il est important de se souvenir que le taux de rendement de vos épargnes du passé ne garanti pas les taux du futur. Les investissements à un haut taux de rendement projeté, sont plus à risques et versatiles, spécifiquement sur le long terme. Il y a un risque de perte de votre capitale.
- Taxable vs. Tax Advantaged Investments: (InvestCompare.html): Withdrawals prior to age 59 1/2 on qualified accounts may be subject to a 10% Federal penalty.
- Canadian Mortgage Loan Calculator CAMortgageLoan.html:
The heading text on the report has been changed from:
<TR><TD><b>Loan will be paid off after</b></TD><TD>PAYMENTS_LBL</TD></TR>
Changed to:
<TR><TD><b>Loan will be paid off after</b></TD><TD>PAYMENTS_LBL for your schedule payments, XXX years with prepayments.</TD></TR>
- HSA vs Traditional Health Insurance ( HSAvsTraditional.html ): Minor updates have been made to the definitions:
- In the first paragraph it reads - By using HDHP/HSA solution, you can often realize significant savings on your insurance premiums and receive…An “a” has been added before HDHP.
- In the chart, “qualified” is now capitalized.
- Under the definition for Annual deductible, the spacing before commas has been fixed.
- HSA Contributions (definitions) – Contributions was capitalized - but to keep it consistent with the other terms it is now lowercase.
- RRIF Calculator Canadian (Rrif.html, FRRrif.html): output for the Maximum Monthly payment has been corrected. Rrif definitions updated for 2010 to remove notes about temporary suspension of the minimum RRIF distributions.
Updates do not require changes to HTML documents
- Canadian Mortgage Qualifier (CAMortgageQualifier.html, FRMortgageQualifier.html):
Cash on hand graph modified to remove the bar for the Mortgage Insurance premium. The mortgage insuance premium is financed and not taken directly out of the cash on hand.
- HomeBudget(HomeBudget.html): Title on the popup calculator for the net paycheck has been changed from: “Total net paycheck” to “Total net monthly pay”. This is to clarify the total shown is per month, calculated from the entered items that may be another frequency.
- Personal Debt Consolidation (DebtConsolidate.html): Now allows you to set the minimum and maximum term for the consolidation loan. This done in months with:
<PARAM name="MIN_TERM" value="12">
<PARAM name="TERM_MAXIMUM" value="60">
<PARAM name="USE_CUSTOM_TERMS" value="TRUE">
- Mortgage Arm vs Fixed(MortgageArmvsFixed.html): Adjustments to rates now occur annually after the initial fixed period has ended. To turn this option off you can use the following parameters:
<PARAM name="ARM_ADJUST_ANNUALLY" value="true">
When set to true, the default, adjustment happens annually after initial fixed period.
<PARAM name="ARM_ADJUST_AT_MONTHS_FIXED" value="false">
When set to true (NOT THE DEFAULT) adjustments happens at the same frequency as the original fixed period.
Both set to false, you will have additional entry fields to enter the frequency of adjustments.
- Estate Tax Planning (EstatePlan.html): changed "expect" in last sentence to "expected"
Annual rate you expect your total debt to grow or shrink. Note that this is the average you expect your total debt balance to change, not the interest rate you pay on your debts. If your total debt balance is expected to shrink, enter a negative amount. If your total debt balance is expect to grow, enter a positive amount.
- Business Valuation - "Fortune" is now capitalized in Weighted average cost of capital (WACC) definition
- For the following calculators, maximum interest rate for credit cards and loans has been increased to 35%:
- Personal Debt Consolidator (Canadian) CADebtConsolidate
- Personal Debt Consolidation debtconsolidate
- Personal Debt Consolidation DebtConsolidate2
- Devriez-vous consolider vos dettes ? FRDebtConsolidate
- Should I take out a home equity loan to consolidate debt? FSBMortgageEquity
- Mortgage Debt Consolidation MortgageConsolidate
- Home Equity Debt Consolidation MortgageEquity
- Calculadora de Deudas Personales SPDebtConsolidate
- Consolidación de Deudas Personales (PR) SPPRDebtConsolidate
- Personal Debt Consolidation (U.K.) UKDebtConsolidate
