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