If the prevailing interest rate is 6%/yr and compounding is monthly, what is the present value of $10,000 received 10 years from now?

Can someone help me? I'd appreciate it!

Wouldn't you just convert the 6% to a monthly interest rate, which would be 6%/12. That is .5%/month. So:

I = .5%
N = 120 (10 years times 12 months in a year)
FV = $10,000

PV = $5,496.33