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    Environmental Economics
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    Exam 9: Benefit-Cost Analysis in Environmental Decision Making
  5. Question
    The Present Value of Benefits (PVB) Is Equal to Σ(B<sub>t</sub>/[1+r<sub>s</sub>]<sup>t</sup>)
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The Present Value of Benefits (PVB) Is Equal to Σ(Bt/[1+rs]t)

Question 20

Question 20

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The present value of benefits (PVB) is equal to Σ(bt/[1+rs]t), with bt = Bt/(1 + p)t.

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