Given that the value of the bought car depreciates by 14%, its value is only 86% of its value from the previous year. With the known equation,
V = P x (1-d)^n
Where V is the current value, P is the original value, d is the depreciation rate, and n is the number of years. Substituting,
V = ($17,440) x (1 - 0.14)^6
= $7055.65
Thus, after 6 years, the car would only be $7055.65.
