A client needs to save $10000 dollars in 5 years. If they invest at $LaTeX: \displaystyle 2.3$ % compounded monthly, how much do they need to invest today?

Using the forumla for present value $LaTeX: \displaystyle PV = \frac{10000}{ (1 + (0.023/12))^{60} } = 8914.64$ dollars.