How much would you need to be paid each calendar month if you were to be paid $1 million over 40 years?

Question

My goal is to have $12. If I save $1 a month then it will take me 12 months to save $12. If I save $2 a month then it will take me 6 months to save $12. What if I saved $1.50 each month? How many months would it take me to save $12?

Answer 1

$2083.33
$1000000/40/12=2083.33