You are looking to save money for a child education fund. you are exploring the option of putting your money in a savings account and you feel you will need at least $500,000 to send your child to a state school 18 years from today. how much will you need to save at the end of every month in order to accumulate this amount at the end of 18 years if the money is earning 0.1% per month.

Formula is PMT = FVANn [r / ((1 + r) n 1)] answer is around 2074 please show all work and explain how to plug into formula to acquire the answer