A client needs to save $13000 dollars in 8 years. If they invest at $LaTeX: \displaystyle 5.9$ % compounded monthly, how much do they need to invest today?

Using the forumla for present value $LaTeX: \displaystyle PV = \frac{13000}{ (1 + (0.059/12))^{96} } = 8118.18$ dollars.