Kerry feels inspired to venture into global investments. She's intrigued by a Russian bond promising $$110$ per year in interest and maturing in $5$ years, at which point it will return her initial $$1,000$ investment. Given an interest rate of $12\%,$ how much does Kerry lay out for the bond today?

Question $24$ options:

$-$$$900$

$-$$$1,000$

$-$$$1,110$

$-$$$963\mathrm{.}95$