Air Oceana would like to purchase an equipment at the end of 10 years. It plans to save $500,000 at the beginning of each of the next 10 years. How much savings will Air Oceana have in its account at the end of 10 years if it expects a 8% rate of return?

S7,822,744

• 53,355,041 $10,794,625 57,243,281
• S3,623,444