hasn't your teacher defined these terms before giving you questions on them? The definition varies depending on your area and level of study.

One definition is: The present value of some payments is the amount of money that would need to be set aside now to meet the payments in future.

Your formula is for the acumulated value, not the present value. The formula should be:

where

I assume that payments are made at the end of each month. I got an answer of around 9,544,000.

If I assume payments are made at the start of each month (and adjust the formula appropriately) my answer is more like 9,575,000.