Equipment was purchased 10 year ago for $500,000. The annual operating cost of the equipment has been $200,000 per year in each of years 1 to 10. What is the total annual cost of the equipment assuming at an interest rate of 15% per year compounded annually it the equipment has no salvage value? Treat all numbers as positive values. Add your answer Integer, decimal, or E notation allowed

Equipment w3s purchased 10 year ago for $500,000. The annual operating cost of the equipment has been $200,000 per year in each of years 1 to 10. What is the total annual cost of the equipment assuming at an interest rate of 15% per year compounded annually it the equipment has no salvage value? Treat all numbers as positive values