The following equations need to be aligned in two spots. If I use the align* environment then the second column of alignment is pushed to the right edge of the page. I googled this and saw that alignat* was suggested. So I tried that, and now the numbers aren't aligned where the alignment symbol is. How should I align the following properly,
\documentclass{article}
\begin{document}
\begin{alignat*}{2}
S(1)&=(1.05)S(0)=(1.05)(50000)&=52500\\
S(2)&=(1.05)S(1)=(1.05)(52500)&=55125\\
S(3)&=(1.05)S(2)=(1.05)(55125)&=57881.25\\
S(4)&=(1.05)S(3)=(1.05)(57881.25)&\approx60775.31\\
S(5)&=(1.05)S(4)\approx(1.05)(60775.31)&\approx63814.08\\
S(6)&=(1.05)S(5)\approx(1.05)(63814.08)&\approx67004.78\\
S(7)&=(1.05)S(6)\approx(1.05)(67004.78)&\approx70355.02\\
S(8)&=(1.05)S(7)\approx(1.05)(70355.02)&\approx73872.77
\end{alignat*}
\end{document}
EDIT: Here is an image of what I want. I created it using the same code but using spaces to align the equals signs.