You want to leave $500,000 to charity after you die. You have $1,500,000 at retirement and a life expectancy of 20 years. If you can earn 5% per year, how much can you withdraw each year for 20 years and still have $500,000 left to give to charity when you die?

a. $50,000.00

b. $105,242.59

c. $110,859.36

d. $118,156.43