The map on page 392 shows the land purchased by the United States from France in 1803 as part of the Louisiana Purchase. Assume the value of the land has grown at a rate of 8% per year since the land was purchased for about 4 cents, or $0.04, per acre. The value of the land per acre can be approximated by the exponential function V(t) = 0.04e^0.08t. Approximate the value of the land per acre in 2020, 217 years after the purchase.

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