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An investment company offers a bond linked to the FT100 index. On redemption the bond pays the face value plus the largest of A :

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An investment company offers a bond linked to the FT100 index. On redemption the bond pays the face value plus the largest of A : the face value times the change in the index. Or B: 5% yearly interest compounded monthly. Thus, for example, 100 invested when the index was 110 and redeemed a year later when the index was 125 will pay A:100+100(125110)/110=113.636 and not B:100(1+ 0.05/12)12=105.116. Implement a VBA function Bond(Deposit, Years, FT0, FT1). An investment company offers a bond linked to the FT100 index. On redemption the bond pays the face value plus the largest of A : the face value times the change in the index. Or B: 5% yearly interest compounded monthly. Thus, for example, 100 invested when the index was 110 and redeemed a year later when the index was 125 will pay A:100+100(125110)/110=113.636 and not B:100(1+ 0.05/12)12=105.116. Implement a VBA function Bond(Deposit, Years, FT0, FT1)

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