The use of present value calculations in valuing natural resources is important because it

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Present value calculations take into account the time value of money, which means that the value of future benefits and costs are discounted to their present value. This is important when valuing natural resources because it helps ensure that resources are allocated to their most efficient use over time. By discounting future benefits, it helps to avoid over-extraction of resources in the present, and instead prioritize sustainable consumption over time. This aligns with the goal of resource conservation and preservation.

The Use of Present Value Calculations in Valuing Natural Resources