A client needs to save $6000 dollars in 3 years. If they invest at $LaTeX: \displaystyle 5.6$ % compounded monthly, how much do they need to invest today?

Using the forumla for present value $LaTeX: \displaystyle PV = \frac{6000}{ (1 + (0.056/12))^{36} } = 5074.11$ dollars.