Answer:
$15,249.64
Step-by-step explanation:
Depreciation means it is losing value.
Original price = 21,825
Depreciation rate (as a negative) = -5.8% or -0.058 as a decimal
Total duration n = 6
FV = Original price (1+r)^n
Next, plug in the numbers into the equation;
FV = 21,825 (1-0.058)^6
FV =21,825 *0.698723607
FV= 15,249.6427
