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Ben Woolmer has an investment that will pay him the following cash flows over the next five years: $4,835, $9,055, $5,065, $3,775, and $9,455. If his investments typically earn 12.69 percent, what is the future value of the investment's cash flows at the end of five years?
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On April 12, 2009, he files his state return for 2008 claiming a refund of $900. Ernest receives the refund on August 3, 2009. If Ernest itemizes deductions, how much may he claim as a deduction for state income taxes on his Federal return for cal..
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