The book Forest Valuation was written by author Herman Haupt Chapman Here you can read free online of Forest Valuation book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Forest Valuation a good or bad book?
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q = ratio or multiple (such as i .0^) .
Q = sum of series.
Then, by demonstration above (III), C=«-<^. (Q.) The sum of future values of rentals forms such a series.
Should the ratio be less than i, each succeeding term will be diminished in value, which gives a decreasing series.
The sum of this series is obtained by the same formula, but a more convenient form of expression, obtained by multiplying both numerator and denominator by — i , is ()=«(if^). (Q.) 58 FOREST VALUATION The sum of present or discounted values of rentals forms such a descending series.
These formulae apply either to temporary rentals, with a limited number of terms, or to perpetual rentals, with an infinite number of terms.
For an infinite increasing series Q = ^ ^^^ ~ '-* = 00 (infinity). (Q3) q- I For an infinite decreasing series, since the value of §'" dimin- ishes in direct proportion to the exponent used, g* = o.
Therefore Q=^-i^^^ = ^. (Q.) 1 -q I -q 81. Present, Expectation, or Capital Value of Temporary Annual Rentals.
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