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Begin with a simple income case
Calculate the original end-period distribution example and explain why full account wealth cannot receive the income a second time. Classify a sale, dividend and owner contribution by their roles within the portfolio boundary.
Explore a no-flow path and a transfer boundary
Use +20% and −20% in the linked calculator, then reverse their order. Compare equal endpoints and different paths. Next inspect the external-deposit valuation example and form its two subperiod rates from transfer-side values.
Build the dated capital equation
Write the two-contribution investor schedule using one sign perspective. Solve or check its annual rate through the full PV equation. Explain why the later contribution receives fewer growth intervals than the initial contribution.
Finish with currency and interpretation
Reconcile the local/currency example using converted endpoint amounts. Review annual frequency, exact inflation adjustment and stated fee bases. Complete both explained practice sets and return to the relevant case when a distractor’s assumption remains unclear.
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