V2 R15 P270Page 470 Problem

Probably just a brain fart on my end, but can someone please verify how they calculated a liquidity requirement of 4 or 5%? Thanks.

4.5% spending rate is given …

and that I believe is the number they must spend each year.

Thanks for confirming. I posted since I wasn’t sure if they calculated it or just deciphered 4-5% based on the supplied 4.5% spending rate.