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ANSWER
$ 18,085.70
EXPLANATION
The formula we have to use to find the value of a product which value depreciates over time is:
[tex]y=a(1-r)^t[/tex]Where a is the initial value, r is the depreciation rate and t is the time in years.
In this problem we have a = 24000, r = 0.09 and t = 3:
[tex]\begin{gathered} y=24,000\cdot(1-0.09)^3 \\ y=24,000\cdot0.91^3 \\ y=24,000\cdot0.753571 \\ y=18,085.704 \end{gathered}[/tex]
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