Capitolo 75
on a base of one acrid, and dividing him/it from the measure of axle of product
what the same period will produce, the cost for thousand feet of
growing a second crop has arrived to.
Against this the gross return can have put from the same expected
produces to some percentage of determined stumpage. The product at the end of one 50-year
investment won't be that of a forest of 50-year, however for even if
the cost that brings immediately starts, the new forest asks for some
years to be established. Any exact figure can have put for this,
for some seed will bud the first year and some spaces of empty space they are able
persists many years, but in the tables to follow five years has
state left space to an average. Accordingly, instead of calculating
on a 28 M product as the return at the end of 50 years, as suitable
in the table of product on the preceding page, the product of 45-year of
20-1/2 M is used, and likewise for the other periods of 60, 70
and 80 years. These four rotations will be considered only here,
for in less than him probably the 50 year-old second growth will be too much small
the tallest profit to be cut to, while after 80 years the investment
it so heavily combines as to do him/it unlikely that stumpages in increase
values will compensate.
Three interest rates in the first table are used for following:
4, 5 and 6 for composed cent. The calculations of percentages forest lower
you/he/she is often seen, but he doesn't believe that less that 5 for cent
is satisfactory to private owners and many 6 they will insist
for cent. The equitable standard is what the owner can do in other
business today, and from when he can reinvest his/her income in the same
business, are reasonable to show up to a composed percentage. Some
examples are given to show as you calculate similar you/they can be done
with some sets of investment and factors of stumpage to which you/they appeal
individual judgment. The second table, prepared by the first one,
show to a look the price that must be receives for Douglas fir
to do him/it or to pay 5 or 6 for compound interest of cent under a