FIXED_FEE_BY_RANGE_ENHANCED Formula
The FIXED FEE BY RANGE ENHANCED formula lets you assess a fixed, or set fee depending on the quantity that a user enters when assessing the fee. This formula calculates fees based upon data in application specific information. This formula works the same as the FIXED_FEE_BY_RANGE formula, except that it applies only to application specific information.
Formula Equation
| $FI10xxx$ | Fee |
|---|---|
| 1 - R1 | F1 |
| R1 – R2 | F2 |
| R2 – R3 | F3 |
| R3 or more | F4 |
Input Parameter Format
$FI10xxx$,F1,R1,F2,R2,F3,R3,F4
Example
| $FI10100$ | Fee |
|---|---|
| 1 -100 | 23.20 |
| 101-200 | 34.80 |
| 201-300 | 81.10 |
| 301 or more | 115.80 |
X = value of $FI10100$
Formula Parameter: $FI10100$, 23.20,100,34.80,200,81.10,300,115.80
Input Parameter Definitions
| F | The fixed fee that you want to assess for any quantity that falls within the specified range of values. |
| R | The maximum value within a range of input quantities. |
Conditions
There is no limit to the number of ranges you can set up for this fee formula, but the total number of characters that you can use to enter input parameters is 500.
If you set up only one range, the fee is always equal to the fee for that range.