Insured: Phil E Phanatic• 27 years old, married, two childre…

Insured: Phil E Phanatic• 27 years old, married, two children• $50,000 annual salary and will retire at 67• $20,000 used for taxes, insurance, and personal needs/wants• Assumed 5% discount rate• PV of 40 annual payments of $1: $17.16• Phil’s life value: $30,000 x 17.16 = $514,800 What amount of insurance would you recommend to Phil?

By the 1850s, slavery and cotton had become so intertwined t…

By the 1850s, slavery and cotton had become so intertwined that the very idea of change—be it crop diversity, antislavery ideologies, economic diversification, or the increasingly staggering cost of purchasing and maintaining slaves—became anathema to the southern economic and cultural identity.