Engineer's Valuing Assistant; Being a Practical Treatise on the Valuation of Collieries and Other Mines Including Royalties, Leaseholds and Freeholds, and Annuities from Other Sources, with Rules, Formulae, and Examples Also New Sets of Valuation T
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Home > Art, Film & Photography > Engineer's Valuing Assistant; Being a Practical Treatise on the Valuation of Collieries and Other Mines Including Royalties, Leaseholds and Freeholds, and Annuities from Other Sources, with Rules, Formulae, and Examples Also New Sets of Valuation T
Engineer's Valuing Assistant; Being a Practical Treatise on the Valuation of Collieries and Other Mines Including Royalties, Leaseholds and Freeholds, and Annuities from Other Sources, with Rules, Formulae, and Examples Also New Sets of Valuation T

Engineer's Valuing Assistant; Being a Practical Treatise on the Valuation of Collieries and Other Mines Including Royalties, Leaseholds and Freeholds, and Annuities from Other Sources, with Rules, Formulae, and Examples Also New Sets of Valuation T


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1877 Excerpt: ...rate of 5 per cent, upon any sum of money set apart, or estimated by a valuer for maintaining a certain yield from mines for a definite period. An inde For the royalty we have 6d. per ton for the first period of 21 years, and 9c?. per ton for 23 years afterwards; the correct value may therefore be more readily determined by assuming that the royalty is fixed at gd. per ton for the whole period of 44 years, and deducting therefrom the present value due to the excess of royalty, or 3d. per ton for 21 years. This is evident, as an average of the two royalties could not give the correct value, neither could it be obtained accurately by two separate valuations, that is, first upon that due to the annuity arising from 6d. per ton for 21 years, and secondly to that due to the annuity arising from gd. per ton for 23 years afterwards. The reason for this is obvious. The years' purchase due to 21 years at 7 per cent. = 9'53545399; and if we treat that number as the basis of a distinct valuation, and then proceed to value the second period of 23 years similarly, we should find the years' purchase = 9-919266819, which is only removed in point of time 2 years from the former period, i.e. 21 years, whereas the termination of the second period of 23 years is removed 44 years from the commencement of the first period, and the years' purchase for the period of 44 years = 12-31074584. Therefore, by Table (VII), the present value of an annuity of 1 per annum for 44 years, allowing interest at the rate of 7 per cent, per annum, and to redeem the capital at the rate of 3 per cent, per annum = 12-31074584 7500 Present value if the royalty were at gd. per ton for the whole period of 44 years = 92330-59380000 And by Table (VII), the present value of an annuity of...


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Product Details
  • ISBN-13: 9781231599228
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 66
  • Spine Width: 4 mm
  • Width: 189 mm
  • ISBN-10: 1231599227
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 136 gr


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Engineer's Valuing Assistant; Being a Practical Treatise on the Valuation of Collieries and Other Mines Including Royalties, Leaseholds and Freeholds, and Annuities from Other Sources, with Rules, Formulae, and Examples Also New Sets of Valuation T
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Engineer's Valuing Assistant; Being a Practical Treatise on the Valuation of Collieries and Other Mines Including Royalties, Leaseholds and Freeholds, and Annuities from Other Sources, with Rules, Formulae, and Examples Also New Sets of Valuation T
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