If the bank interest rate is 12%, in order to get 10000 yuan after five years, how much should be deposited in the bank now? Assuming compound interest

If the bank interest rate is 12%, in order to get 10000 yuan after five years, how much should be deposited in the bank now? Assuming compound interest

Now deposit = 10000 / (1 + 12%) ^ 5 = 5674.27 yuan