A car exponentially depreciates at a rate of 8.5% per year. Mia purchased a 4-year-old car for $17,500. What was the original price of the car when it was new? Round your answer to the nearest thousand dollars. Use the equation: y = A(1 – r) x where A is the car’s initial value, x is the elapsed time in years, r is the percent of depreciation, and y is the value of the car after x years.