The function \(f(x)=5000(1.08)^{t-1}\) represents the value, in millions of dollars, of Lao Industries’ holdings by the end of each year from \(1987\) to \(2014\), where t is the number of years after \(1987\). In this context, which of the following is the best interpretation of the statement “\(f(12)\) is approximately \(11,658.19\)”?