Hi Naci,
This question is very poorly worded. The meaning must be guessed.
My guess:
An annuity pays 3.9 % (yearly and nominal (the effective rate is a little higher), compound monthly.
What equal monthly deposit should be made into this annuity in order (at the beginning of each month?) to have $79,000 at the end of 18 years?
Anyway:
Your answer is far too simplistic. The money is going into an account each month and staying there for for 18 years.
18*12=216months 3.9/12=0.325% = 0.00325 interest per month
Assuming that the first installment is paid AT THE BEGINNING of the first month AND P dollars are deposited each month, then
the first deposit will grow to P(1.00325)^216
the second deposit will grow to P(1.00325)^215
...
the last deposit will grow to P(1.00325)^1
You know that this will add to $79000 so you can solve it as a GP (assuming you know about GPs geometric progressions)
There are also formulas, that I have forgotten, EP has used a financial mathematics formula.