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P/Y and C/Y explained in depth

Why if C/Y and P/Y are not the same does this change the calculation?
How does the GDC calculate this ?
'N' always represents the number of times interest is RE-calculated

Teaching slides

Please find below some slides to help present and teach these ideas to students. You might like to use presentation mode (in the menu on the right side of the screen) when using these slides (hit ESCAPE to return to webpage view).

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