To solve the expression \( F = 3,500,000(1 + 0.023)^8 \), follow these steps:

1. **Calculate the term inside the parentheses:**
   \[
   1 + 0.023 = 1.023
   \]

2. **Raise this result to the power of 8:**
   \[
   1.023^8 \approx 1.199674
   \]

3. **Multiply by 3,500,000:**
   \[
   F \approx 3,500,000 \times 1.199674 \approx 4,198,858
   \]

So, \( F \approx 4,198,858 \).

Would you like more details on any part of the calculation? Here are some related questions you might find helpful:

1. How do you calculate compound interest using a similar formula?
2. What are the properties of exponents when solving equations?
3. Can you explain the significance of each term in the expression?
4. How would the result change if the exponent was different?
5. What are some practical applications of this type of calculation?

**Tip:** When working with exponentiation, it’s often helpful to round intermediate results to avoid excessive decimal places while maintaining accuracy.

Learn how to calculate the future value of an investment using compound interest. This problem involves exponentiation and the compound interest formula A = P(1 + r/n)^(nt). Explore step-by-step calculations and understand the significance of each term in the formula.

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