1. Upon retirement, your goal is to spend 5 years traveling around the world. To travel in style will require $100,000 per year at the beginning of each year. If you plan to retire in 30 years, what are the equal monthly payments necessary to achieve this goal? The funds in your retirement account will compound at 10% annually.

Note that, there are 2 parts to this problem:

A. Summarize what you intend to do to solve the problem above and why?

B. Your analysis (calculations):