I'm having an issue with a problem about proving a normed vector space is a Banach space. First, I'll just state the introduction to the problem:
Let $(V,\|\cdot\|_V)$ and $(W,\|\cdot\|_W)$ be complex normed vector spaces. Define the product $V\oplus W$ of the vector spaces by giving the set
$$V\oplus W=\{(v,w)|v\in V,w\in W\}$$
the obvious entrywise defined vector space structure:
$$(x,y)+(v,w):=(x+v,y+w)$$ $$\alpha(v,w):=(\alpha v,\alpha w)$$
for $x,v\in V,y,w\in W$, and $\alpha \in \mathbb{C}$. The norm used with this vector space is
$$\|(v,w)\|_1=\|v\|_V+\|w\|_W,\text{ for }v\in V,w\in W$$
The problem is the following:
Now assume that $(V,\|\cdot\|_V)$ and $(W,\|\cdot\|_W)$ are Banach spaces. Prove that $V\oplus W$ equipped with the norm $\|\cdot\|_1$ is a Banach space.
I know that for $V\oplus W$ to be a Banach space that means I need to show that every Cauchy sequence in $V\oplus W$ is convergent. The problem hints that I consider the Cauchy sequence $\{(v_k,w_k)\}_{k=1}^{\infty}$ in $V\oplus W$.
I'm not that sure how I would show the Cauchy sequence is convergent. I know that since $\{(v_k,w_k)\}_{k=1}^{\infty}$ is a Cauchy sequence that means for each $\epsilon>0$ there exists some $N\in \mathbb{N}$ such that
$$\|(v_k-v_l,w_k-w_l)\|\leq\epsilon\text{ whenever }k,l\geq N$$
I'm pretty sure it's a combination of that and the fact that both $(V,\|\cdot\|_V)$ and $(W,\|\cdot\|_W)$ are Banach spaces (since that means every Cauchy sequence is convergent in $V$ and $W$) but I can't quite figure it out. Any help/hints are be highly appreciated!
Hint
You can almost mimic the proof that $(\mathbb R^2, \Vert \cdot \Vert_1)$ is a Cauchy space for the norm $\Vert (x,y)\Vert_1 = \vert x \vert + \vert y \vert$.
The idea is that if $\{(v_k,w_k)\}_{k=1}^{\infty}$ is a Cauchy sequence, then $\{(v_k)\}_{k=1}^{\infty}$ and $\{(w_k)\}_{k=1}^{\infty}$ are Cauchy sequences of their respective Banach space. Therefore $\{(v_k,w_k)\}_{k=1}^{\infty}$ converges to $(v,w)$ where $v$ is the limit of $\{(v_k)\}_{k=1}^{\infty}$ and $w$ the limit of $\{(w_k)\}_{k=1}^{\infty}$.