Decumulator (kid's education)

The following table describes the parameters for Decumulator (kid's education):

NameDate TypeDescriptionMandatorySample ValueList of possible valuesNo. of decimalsNotes
targetGoalAmountNumberGoal AmountY100000>0 2User-defined goal amount 
yearsInUniNumberDuration of the course undertakenY>00Number of years to decumulateDefault: 4
annualisedSavingsAcctIntRNumberAnnualized Saving Account Interest RateN0.00056"savings_account_interest_rate" of a specific country can be used from the Country Rates APIs to populate this field"Country rates APIs by the country code"field to use -  savings_account_interest_rateDefault: 0.005
annualisedInfRNumberAnnualized Inflation RateN0.036"inflation_rate_long_term" of a specific country can be used from the Country Rates APIs to populate this field"Country rates APIs by the country code"field to use - inflation_rate_long_termDefault : 0.03
periodStringPMT Start periodNend'end', 'beg'Values are eitherbeg - for the beginning of the yearend - for end of the year Default: beg
currentYearNumberYear to DateY20190System generated Year to Date 

The following table describes the ouput for Decumulator (kid's education):

NameDate TypeDescriptionSample ValueNo. of decimalsNotes
actualYearNumberProjection year 20200Current year in the projection 
yearsNumbernth year of decumulation 20
futurePVNumberFuture value of the Target amount 104462
futureAnnuityNumberThe future value of an annuity is the value of a group of recurring payments at a specified date in the future.25002
projectedValueNumberProjected lump sum value of user's account balance after an outflow of payment79462
graphArrayArray, DecimalValues on the graph user's account balance after every outflow of payment."graphArray": [10000,7946,5800.389999999999,3559.0899999999992,1217.83]2
Language
Authorization
Bearer
Click Try It! to start a request and see the response here!