A client needs to save $9500 dollars in 6 years. If they invest at $LaTeX: \displaystyle 3.8$ % compounded monthly, how much do they need to invest today?

Using the forumla for present value $LaTeX: \displaystyle PV = \frac{9500}{ (1 + (0.038/12))^{72} } = 7565.91$ dollars.