Upon retirement, your goal is to spend 4 years traveling around the world. To travel in the style to which you are accustomed will require $250,000 per year at the beginning of each year. If you plan to retire in 30 years, what are the equal, annual, end-of-year payments necessary to achieve this goal? The funds in the retirement account will compound at 10 percent annually. Use Table III and Table IV or a financial calculator to answer the question. Round your answer to the nearest dollar.

Future Value of an Annuity Interest Factor (FVIFA) (\$1 per period at i% per period for n periods); (1+i)n1 PVIFA =:1(1+i)21; PVAN 0= PMT ( PVIFA i,n) Future Value of an Annuity Interest Factor (FVIFA) (\$1 per period at i% per period for n periods); (1+i)n1 PVIFA =:1(1+i)21; PVAN 0= PMT ( PVIFA i,n)