How much money must be invested to accumulate $10,000 in 8 years at 6% compounded annually?

How much money must be invested to accumulate $10,000 in 8 years at 6% compounded annually?

We want to know the principle P, that accumulated to $10,000 in 8 years compounding at 6% annually.

We plug in our values for the compound interest equation and we get:
$6,274.12