Financial Calculator Update 9/30/2007

The quarterly update for 9/30/2007 is a small update. We recommend you review the update items below. If you do not immediately require the enhancements below, since all updates are cumulative, you may wish to wait to implement them with our 9/30/2007 release.

If you implement this update and you have not updated your calculators in a while 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 6/30/2007 update: 6/30/2007 Update. (The 9/30/2007 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.)

Update instructions*:

1. Download the latest version of your calculators from your download site, found on your update e-mail notice.
2. 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.)
3. 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. It will have three subdirectories.
4. Replace the contents of your current KJEgui, KJEgraph and KJEcalculation directories with the new version.
5. Replace your current dinkytown.jar file with the new version.
6. Replace all files with the extension "class" with the new version.
7. 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.

1. Download the latest version of your calculators from your download site, found on your update e-mail notice.
2. 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.)
3. 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. It will have three subdirectories.
4. Replace the contents of your current "java" directory (including the KJEgui, KJEgraph and KJEcalculation directories) with the new version.

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.

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.

Choose "Clear private data..." under the "Tools" menu. Check the box for "Cache" and then click the button "Clear private data now".

Choose "Preferences" under the "Edit" menu. Click on the "Advanced" category and then "Cache" option which appears under it. Click the "Clear Memory Cache" button, then click the "Clear Disk Cache" button.)

Master Changes (HTML Modification required, affects all calculators)

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Master Changes (no HTML changes required, affects all calculators)

As of 12/31/2007 Microsoft will cease support of its Microsoft Java Virtual Machine (MSJVM). This version of Java, which has remained essentially unchanged since 1998, was last distributed with Windows XP SP1 released in Oct. 2002.

As part of our migration away from the MSJVM we will be displaying a warning message to any user still using this very old and obsolete version of Java. This message also provides a link for easy access to the latest version of the JVM available from SUN's website. It is estimated that this will affect fewer than 5% of visitors. This update is critical, due to the lack of future security updates of any kind for the obsolete MSJVM.

The exact error message displayed is shown below:

Updates that require modifications to HTML documents

1. 72T Calculator, 72T Distribution Impact: (Retire72T.html, Retire72T2.html, Retire72Alt.html): The default "Reasonable interest rate" has been changed to 5.23% to reflect 120% of the current Federal Mid-Term rate as of October 2007.

2. Canadian Mortgage Qualifier:(CAMortgageQualifier.html) A new checkbox has been added to the calculator to allow you to exlude mortgage insurance from the calculation. This allows you to selectively include or exclude the mortgage insurance depending on your particular lenders requirements. If you choose to exclude mortgage insurance, the calculator will still determine the amount that would have been required and display that amount in the report.

   Please note, along with the change above the Mortgage Insurance requirement is now only applied to purchases with less than a 20% down payment. This change was made in the 6/30/2007 update is part of the current calculator download. This is in compliance with the Canadian Bank Act which was changed on April 23, 2007. Although mortgage insurance is available for purchasers with large down payments, it is no longer required by law.

3. Canadian Mortgage Rent vs Buy: (CAMortgageRentvsBuy.html) A new checkbox has been added to the calculator to allow you to exlude mortgage insurance from the calculation. This allows you to selectively include or exclude the mortgage insurance depending on your particular lenders requirements. If you choose to exclude mortgage insurance, the calculator will still determine the amount that would have been required and display that amount in the report.

   Please note, along with the change above the Mortgage Insurance requirement is now only applied to purchases with less than a 20% down payment. This change was made in the 6/30/2007 update is part of the current calculator download. This is in compliance with the Canadian Bank Act which was changed on April 23, 2007. Although mortgage insurance is available for purchasers with large down payments, it is no longer required by law.

4. RRIF Calculator: (Rrif.html, FRRrif.html) The age field has been replaced with a birthdate entry field and the age at the beginning of the current year is now calculated. The French version of this calculator has had extensive changes to the text including the definitions and the report.

   In addition the calculator has been updated to for the new rules regarding when distributions from a RRIF must begin. The calculator now uses the following assumptions in its calculations:

   1. That you started your RRIF after 1992
   2. Using the Minimum Amount Payment option - that your payments will begin on January 1st of the year following the date you have entered as the Start Date. If you wish to delay or receive payments sooner, simply enter the appropriate date. Keep in mind that the Start Date you use should be no later than December 31 of the year you turn 71 in order that your minimum payment will begin in the year you turn 72.
   3. Using the Minimum Amount Payment option - that you will not elect to take payments in the year you open/start the RRIF since this would result in exceeding the minimum amount and would be subject to withholding taxes. If you do elect to take payments in the year you open/start the RRIF, please use the Fixed Payment Option on this calculator.
   4. That your RRIF payments happen at the beginning of each month with interest compounded annually.

5. Roth vs Traditional IRA (RothvsRegular.html): The following text has been added to the second step of the calculator results: The Roth Account value at retirement assumes you take a qualified distribution from your account. This account distribution, including any investment earnings, may be tax-free if you meet the following criteria: you are at least 59 � , deceased or disabled; and your first contribution to the Roth account was made at least five tax years earlier than the date of the distribution.

6. French Canadian CalculatorsThe following French Canadian calculators have been reviewed and updated to ensure the best possible translations. If you are using any of the calculators below we would suggest updating the calculator to include these changes. This update is not required for your calculators to function, but is recommended to keep them current.

   Calculator File	Calculator Name
   FRAutoLoan	Calculatrice de pr�t auto
   FRAutoLowInterest	économies sur le financement � bas taux d'intér�t
   FRAutoRebate	Rabais auto ou financement � bas taux d'intér�t
   FRBuyvsLease	Acheter ou louer ?
   FRCollegeSavings	épargne-études
   FRCompareFees	Comparaison des frais de placement
   FRCompareMortgage	Calculatrice de comparaison d'hypoth�ques
   FRCompareSavings	Comparez les taux d'épargne
   FRCompoundSavings	Calculatrice d'épargne
   FRCreditAssessment	évaluation de crédit
   FRDebtAccel	Désendettement accéléré
   FRDebtAmount	Combien devez-vous ?
   FRDebtConsolidate	Devriez-vous consolider vos dettes ?
   FRDebtPayoff2	Calculatrice de paiement minimal sur vos cartes de crédit
   FRDebtRolldown	Faites cascader vos soldes de cartes de crédit!
   FREmergency	Calculatrice de l'épargne en cas d'urgence
   FREnhancedLoan	Calculatrice de pr�t évoluée
   FRHomeBudget	Analyse budgétaire personnelle
   FRHumanLifeValue	Valeur de la vie humaine
   FRInvestCompare	Placements imposables et assortis d'avantages fiscaux
   FRInvestmentDebt	Calculatrice de placement d'un pr�t consolidé
   FRInvestmentDistribution	épargne en placements et retraits de capital
   FRInvestmentDistribution2	Retraits de capital
   FRInvestmentLoan	Pr�t � l'investissement
   FRInvestmentReturn	Revenus d'investissement
   FRInvestmentVariables	Calculatrice d'objectif de placement
   FRInvestorProfile	Questionnaire sur le profil de l'investisseur
   FRLifeInsurance	Calculatrice d'assurance vie
   FRLifeTime	Calculatrice d'espérance de vie
   FRLongtermCare	Calculatrice pour soins de longue durée
   FRLunchSaver	épargne de d�ners
   FRMillionaire	Un million bien � vous
   FRMortgageLoan	Calculatrice d'emprunt hypothécaire
   FRMortgagePayoff	Remboursement d'hypoth�que
   FRMortgageQualifier	Calculatrice d'admissibilité � un pr�t hypothécaire
   FRMortgageRentvsBuy	Louer ou acheter ?
   FRNetWorth	Calculatrice de valeur nette
   FRPaymentOptions	Pr�t personnel ou ligne de crédit
   FRPayoffCC	Remboursement des cartes de crédit
   FRPayoffLine	Remboursement de la marge de crédit
   FRRetirementIncome	Calculatrice de revenu de retraite
   FRRetirementNestegg	Calculatrice pour pécule de retraite
   FRRetirementPlan	Planification de la retraite
   FRRrif	Calculatrice de paiements FERR
   FRRRSPLoan	Calculatrice de pr�t REER
   FRSavings	Objectif d'épargne
   FRSavingsVariables	épargne, imp�t et inflation
   FRShouldIRefi	économie liée au refinancement d'une hypoth�que
   FRSimpleLoan	Calculatrice de pr�t
   FRWaitCost	N'attendez pas pour épargner!

Updates do not require changes to HTML documents

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