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Default the countA function is counting everything even empty cells

I have an Excel spreadsheet with 8000 rows. I would like to know how many
cells in a particular column have value or text entered. When I use the
formula =countA(e5:e8003), the number returned is 7998 (the number of rows in
the column). As I eyeball the document, obviously not every cell has a
number or text in it, though. Shouldn't this formula only count the cells in
that range that do have text or a number?
 
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