Determine the value of 4 raised to the power of 3 (4^3).

To find the value of 4 raised to the power of 3, you multiply 4 by itself three times:

4^3 = 4 × 4 × 4.

First, calculate 4 × 4, which equals 16. Next, you take that result and multiply it by 4 again:

16 × 4 = 64.

Thus, 4 raised to the power of 3 equals 64. This makes 64 the correct answer, as it accurately reflects the calculation of raising 4 to the third power. The other numbers in the choices do not correspond to the correct computation of 4^3.