Question: How do you write this formula in Excel to get it to work out right? I have tried all variations with the parenthesis and cannot

How do you write this formula in Excel to get it to work out right? I have tried all variations with the parenthesis and cannot get my decimal point in the right spot. It is non-existent and give me an answer of $55839 which I know is not right. I have tried all variations of this: 1000*(1/(1+0.06)^10).

How do you write this formula in Excel to get it to

1 $1,000 (1 + 0.06) 10

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