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At one time, aircraft had constant rather than blinking lights on the wingtips. When pilots in formation tried to follow the constant lights of the aircraft in front of them, they veered off course. This is perhaps best explained by
Growing Annuity
A series of periodic payments that grow at a constant rate for a specific number of periods.
Cash Flow Growth
An increase in the amount of money moving in and out of a business over a specific period, indicative of its financial health and operational efficiency.
Loan Principle
The original sum of money borrowed in a loan agreement, which does not include interest or other charges.
Interest Rate
The fraction of a quantity of money that is required as payment for lending it, often stated on a yearly basis.
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