Stephanie M. answered 06/09/15
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Go ahead and draw a picture of this situation.
At any given time, you'll have a triangle with vertices of yourself, the plane, and a spot in the air above you 500 feet up. The plane will appear to trace an arc overhead, starting at one horizon (at an apparent height of 0), passing through the point in the air above you, and ending at the other horizon (again at an apparent height of 0).
The angle x is located where you stand. When the plane appears on the horizon, x is an angle of 90 degrees (π/2). As the plane grows nearer, the angle shrinks until it reaches 0 degrees when the plane is above you. Then, the angle widens again as the plane grows farther away (although the angle will be pointing in the opposite direction) until it again reaches 90 degrees. Call angles facing towards the plane's appearance (left) negative; call angles facing towards the plane's disappearance (right) positive. So, the angle x starts at -90 degrees (-π/2) and passes through 0 to 90 degrees (π/2) as the plane goes by.
We're interested in the distance from camera to jet. The angle located in the air above you is always a right angle, since it's directly above you and level with the plane. So, the distance from camera to plane is the hypotenuse (across from the right angle). You also know the distance from you to the point in the air (500 feet), which is the side adjacent to angle x. So, you'll want to use cosine, which relates adjacent side to hypotenuse.
cos(x) = adjacent/hypotenuse
cos(x) = 500/d
d(cos(x)) = 500
d = 500/cos(x)
d = 500/cos(-60)
d = 500/(1/2)
d = 1000 feet
When the plane is 1/3 of the way from the horizon to your left to directly above you, it's 1000 feet away.
d = 500/cos(-45)
d = 500/(√(2)/2)
d = 1000/√(2)
d = 1000√(2)/2
d = 500√(2) feet
When the plane is 1/2 of the way from the horizon to your left to directly above you, it's 500√(2) feet away.
d = 500/cos(0)
d = 500/1
d = 500 feet
When the plane is directly above you, it's 500 feet away.
d = 500/cos(30)
d = 500/(√(3)/2)
d = 1000/√(3)
d = 1000√(3)/3
When the plane is 1/3 of the way from directly above you to the horizon to your right, it's (1000√(3))/3 feet away.