. Over the past 30 years your parents saved money each month for their retirement. They retired this week and expect to live another 30 years. Their investment account is currently valued at $500,000 and is expected to earn 5 percent annually in the future. How much money can they withdraw annually if they wish to spend all of their money during their lifetime?

A. $25,000.00

B. $32,209.30

C. $32,525.72

D. $40,149.59