Each year, it's value is 1.08 of the previous price, so the equation is
[tex]x=32000*(1.08^6)[/tex]
Using a calculator, you get that the answer is 50779.978. You must also round to the nearest hundredth because in our currency, cents are the smallest unit.
Therefore, an antique car that costs $32000 will be worth 50779.98 6 years after.
