VIF. in Astation 1: 4 person is required to pay annual payments of 8,000 in his Deposit Account that pays 10% interest per year. Find e future value of annuity at the end of 5 years. of the solution: Term of the deposit (Years) At the end of Amount Deposited 8,000 8,000 4 ain 1st year 2nd year 3 2 Future Value 8.000 * 1.464 = 11713 8,000 * 1.331 = 10.648 8.000 1.210 = 9.680 8,000 x 1.110 = 8,800 8,000 1.000 = 8.000 48,841 X 3rd year 8,000 4th year 8,000 5th year 8,000 Future Value of annuity at the end of 5 years 1 Alternatively the future of annuity can be obtained by using the following formula