How to calculate pure discount bond

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#PureDiscountBond
#Bond
What is the present value of a 10-year, pure discount bond paying $5,000 at maturity if the appropriate interest rate is 12%?
Calculate price of pure discount bond ?
Answer
Step 1: our formula
PV=FV/(1+r) ^ T
Step 2 : Find future value = 5,000
Step 3: find interest rate = 12%
Step 4: find time to maturity = 10-year
Step 5 : final step to apply our formula
= 5,000 / ( 1 + 12%) ^ 12 = $1,283
So price of pure discount bond = $1,283
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why did you compute as T= 12? isnt it 10 years?

cushitictwins