Question

we have determined the following values.$pv = 8,200$$r = 0.08$$n = 2$$t = 6$substitute these values into the formula for the present value $fv = pv\left(1 + \frac{r}{n}\
ight)^{nt}$.simplify within the parentheses first.$\left(1 + \frac{r}{n}\
ight)=\square$simplify the exponent.$nt = \square$

Explanation:

Step1: Calculate parenthesis term

Substitute $r=0.08$, $n=2$:
$1 + \frac{r}{n} = 1 + \frac{0.08}{2}$
$= 1 + 0.04 = 1.04$

Step2: Calculate exponent $nt$

Substitute $n=2$, $t=6$:
$nt = 2 \times 6 = 12$

Answer:

$1 + \frac{r}{n} = 1.04$
$nt = 12$