VBA Code - Sub CalculateYearsToRepayBond()
VBA Code - Sub CalculateYearsToRepayBond()
NOTES:
Logic:
Each year, it calculates the interest on the remaining balance and subtracts the
annual payment.
Output:
A message box displays the number of years required to repay the bond.
Example Calculation
For the given inputs:
The program will calculate the number of years required to repay the bond.
Output
If the inputs are valid, the program will display a message box like:
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It will take X years to repay the bond.
Important Notes
Infinite Loop Prevention:
If the annual payment is less than the annual interest, the bond will never be
repaid. The program checks for this condition and displays a warning.
Adjustments:
You can modify the inputs (e.g., house value, interest rate, annual payment) to
calculate repayment periods for different scenarios.
Accuracy:
This program assumes fixed annual payments and interest rates. For more complex
scenarios (e.g., variable interest rates or payments), additional logic is
required.