[tex]\begin{gathered} P=\frac{A}{(1+\frac{r}{n})^{nt}} \\ P=\text{?} \\ A=800 \\ r=\text{ 6\%=}\frac{6}{100}=0.06 \\ t=2 \\ P=\frac{800}{(1+\frac{0.06}{12})^{12\times2}} \\ P=\frac{800}{1.12715977621} \\ P=\text{ \$}709.748535113 \\ P=\text{ \$}709.75 \end{gathered}[/tex]
