A client needs to save $14000 dollars in 8 years. If they invest at $LaTeX: \displaystyle 5.1$ % compounded monthly, how much do they need to invest today?

Using the forumla for present value $LaTeX: \displaystyle PV = \frac{14000}{ (1 + (0.051/12))^{96} } = 9317.76$ dollars.