Yes, they are intended to be exact. They are derived from the Balmer equation, and subsequently Bohr reproduced Balmer's equation using an electrostatic theory. DeBroglie later suggested that these quantum intergers represented the half spin of an electron in its orbit.
Here, you have an interesting situation. Bohr's theory, while generally regarded as flawed, is still contained within most pertinent texts. The reason is that it provides the student with a highly visual representation of how electrons make transitions between quantum states.
The problem with the theory is that it works, it does explain empirical data almost exactly. Unfortunately, Bohr was never able to describe how an electron exists between quantum states. Specifically, the transition was suppose to occur instantanenously, but nothing was suppose to move faster than the speed of light. Further, Bohr was never able to extend his theory to more complex atoms that were not Hydrogen-like, i.e., it only worked for Hydrogen and other atoms stripped of all electrons except one.
Yes, quantum physics used some of the underlying ideas of Bohr's model. And yes Bohr won a nobel prize for his work. It is also true that he accepted that his theory was wrong and helped to further quantum physics.
Then again, there could be a global conspiracy to hide how the atoms really work- shrouding the science of atoms in an almost impossible probability theory- ha ha.
You should also note that quantum physics has only one viable solution, just as Bohr- only for Hydrogen. I believe that it adapts this equation to approximate the transition of electrons in other atomic settings.
Also the value n is still used in quantum physics, in modelling the electronic configurations of the atoms.