A Sport Utility Vehicle That Costs $33,000 New Has a Depreciated

Multiple Choice

A sport utility vehicle that costs $33,000 new has a depreciated value of $22,000 after 1 year. Find the value of the sport utility vehicle when it is 3 years old by using the exponential model $y = C e ^ { k t }$ . Round your answer to the nearest dollar.

A) $19,458
B) $15,469
C) $6,519
D) $14,667
E) $9,778