A client needs to save $13500 dollars in 2 years. If they invest at $LaTeX: \displaystyle 2.9$ % compounded monthly, how much do they need to invest today?

Using the forumla for present value $LaTeX: \displaystyle PV = \frac{13500}{ (1 + (0.029/12))^{24} } = 12740.17$ dollars.