Asset Value for V(t)=220-70e^(-0.4t)
The value of assets (in thousands of RM) for Rainbow Co. is: V(t)=220-70e^(-0.4t).
“t” represents the number of years which have passed.
(i) the initial VALUE of the ASSETS for t = 0 years.
(ii) the VALUE of the ASSETS for t = 5 years
(iii) the PROFIT if the owner sells the assets after 8 years.