The value of the expression $8000 \times (1.08^{20})$ is approximately 37,287.66 when rounded to two decimal places.

Would you like more details or have any questions?

Here are 5 related questions:

1. How does changing the base from 1.08 to another value affect the result?
2. What happens if $x = 25$ in the same expression?
3. Can you express $1.08^x$ as a logarithmic equation and solve for $x$?
4. How would this expression behave if the exponent $x$ were negative?
5. What is the relationship between compounding interest and this type of exponential growth?

Tip: In exponential expressions, small changes in the exponent can lead to large variations in the result due to the power function.