Find the Value of the Annuity at the End of the Indicated

question 45

Short Answer

Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposit.
​ Please round the answer to the nearest cent.
$ __________

---

Definitions:

Plane Operating Costs

The expenses associated with operating an aircraft, including fuel, maintenance, crew, and landing fees.

Variable Cost

A cost that changes in proportion with the level of output or activity.

Fixed Cost

Expenses that do not change with the level of output or sales, remaining constant even if the business activity varies.

Activity Variance

The difference between what was expected in terms of expenses or revenues for a particular activity level and what was actually realized.