24500 dollars and depreciates 14.75% per year what will the value be to the nearest cent after 14 years

Depreciation is the decrease in value of a given asset within a given period of time.

Using the formula, A=P (1-r/100) ^n, where A is the new value after depreciation, P is the original value, r is the depreciation rate and n is the time taken.

Therefore,

A = 24500 (0.8525) ^14

= 2623.54 dollars

≈ 2623.50 dollars

Thus the value after 14 years will be 2623.50 dollars