/* (non-Javadoc)
* @see com.teag.estate.EstatePlanningTool#calculate()
*/
@Override
public void calculate() {
int tableLength = 60;
iditTable = new double[tableLength][11];
Calendar cal = Calendar.getInstance();
Date now = new Date();
cal.setTime(now);
double gratValue = (noteValue + secOrigValue) * (1 - noteFlpDiscount) * noteFlpLPInterest;
zCalc zc = new zCalc();
zc.StartUp();
optimalGratRate = zc.zGRATZO(afrRate, term, 0, 4, 0);
remainderInterest = 45000;
remainderPaymentRate =
zc.zANNRATETARGET(
gratValue, remainderInterest, afrRate, term, 0, 0, 0, 0, 0, 0, 1, 0, 0, 0, 0);
zc.ShutDown();
gratPayment = gratValue * remainderPaymentRate;
double assetPay = noteValue * noteFlpLPInterest * noteInterest;
double secPay = gratPayment - assetPay;
double taxableEstate = gratValue - secPay;
int year = cal.get(Calendar.YEAR);
double fet = getFetTax(year);
iditTable[0][0] = 1;
iditTable[0][1] = year++;
iditTable[0][2] = assetOrigValue; // Original Asset (real estate value)
iditTable[0][3] = assetPay; // Calculated GratPayment of real estate;
iditTable[0][4] = secOrigValue; // Original Securities value we will be zeroint it out
iditTable[0][5] = secOrigValue * secGrowth;
iditTable[0][6] = secPay;
iditTable[0][7] = taxableEstate;
iditTable[0][8] = taxableEstate * fet;
iditTable[0][9] = fet;
iditTable[0][10] =
iditTable[0][2] + iditTable[0][4] + iditTable[0][5] - iditTable[0][6] - iditTable[0][8];
for (int i = 1; i < tableLength; i++) {
fet = getFetTax(year);
iditTable[i][0] = i + 1;
iditTable[i][1] = year++;
iditTable[i][2] = iditTable[i - 1][2] * (1 + (assetOrigGrowth + assetOrigIncome)) - assetPay;
double sTmp = iditTable[i - 1][4] + iditTable[i - 1][5] - iditTable[i - 1][6];
if (sTmp < 0) sTmp = 0;
iditTable[i][4] = sTmp;
iditTable[i][5] = iditTable[i][4] * secGrowth;
if (i > getTerm() - 1) {
iditTable[i][3] = 0;
iditTable[i][6] = 0;
iditTable[i][7] = 0;
} else {
iditTable[i][3] = assetPay;
iditTable[i][6] = secPay;
iditTable[i][7] = iditTable[i - 1][7] - secPay;
}
iditTable[i][8] = iditTable[i][7] * fet;
iditTable[i][9] = fet;
iditTable[i][10] =
iditTable[i][2] + iditTable[i][4] + iditTable[i][5] - iditTable[i][6] - iditTable[i][8];
if (i > getTerm() - 1) {
assetPay = 0;
secPay = 0;
}
}
}
// This method uses zcalc heavily.
public void calculate() {
zCalc zcalc = new zCalc();
zcalc.StartUp();
/*
int yr = (int) age;
if( startTerm != 1) {
yr = (int)((startTerm -1 ) + age);
}
*/
optimalPaymentRate = zcalc.zGRATZO(afrRate, (int) termLength, annuityIncrease, annuityFreq, 0);
if (annuity == 0) {
if (discountValue == 0) annuity = optimalPaymentRate * value;
else annuity = optimalPaymentRate * discountValue;
}
lifeExp = zcalc.zLE((int) age, 0, 0, 0, 0, 0, 11);
annuityPaymentRate = annuity / discountValue;
annuityFactor = zcalc.zGRATAF(afrRate, (int) termLength, 0, 0, annuityIncrease, annuityFreq, 0);
actualPaymentRate = annuityPaymentRate;
taxableGift =
zcalc.zGRATGIFT(
afrRate,
(int) termLength,
0,
0,
annuityIncrease,
annuityFreq,
discountValue,
annuityPaymentRate,
0);
remainderInterest = taxableGift;
annuityInterest = discountValue - remainderInterest;
if (actualPaymentRate > optimalPaymentRate) {
federalRev = true;
} else {
federalRev = false;
}
totalInterest = discountValue;
retainedAnnuityInterest = totalInterest - taxableGift;
Date now = new Date();
GregorianCalendar cal = new GregorianCalendar();
cal.setTime(now);
int year = cal.get(Calendar.YEAR);
if (spousePriorGifts > 0) {
totalGiftTaxPayable =
zcalc.zFGT(taxableGift, priorGifts + spousePriorGifts, 0, 0, year, 0, 0);
} else {
totalGiftTaxPayable = zcalc.zFGT(taxableGift, priorGifts, 0, 0, year, 0, 0);
}
gratBenefit =
zcalc.zGRATBEN(
afrRate,
(int) termLength,
growthRate,
annuityIncrease,
annuityFreq,
value,
annuityPaymentRate,
0);
estateTaxSavings = estateTaxRate * (gratBenefit - taxableGift);
if (taxableGift > 0) leverage = value / taxableGift;
zcalc.ShutDown();
}