Our Minor Project requires you to create a savings and investing plan to reach a total savings of $1,000,000.

The objective is to accumulate $1,000,000 in savings, in 30 years from today.

1. Assume that the money is placed in a checking account that pays a 2% interest rate. The interest is compounded annually. What amount must be deposited each month to reach our goal?

   Please, show your calculations and include your results in a table, for ease of comparison.Based on the above calculations, how difficult is it to become a millionaire?