You plan to set up a trust that will provide your newborn son with $1,000,000 on the day he turns 21. If you can earn a 6.5% annual return, how much do you have to deposit in the trust on his 1st birthday to fund the trust? How much would you have to deposit each month between his 1st and 21st birthday?

Please provide how you got the answer and can't use excel to get answer.