Please elaborate step by step the pmt(annuity) calculation for this problem

Note Payable with Amortization Table: Installment Loan PROBLEM: AS&K, Inc. borrowed S250.000 by issuing an 8%, 3-year note on January 1, 2018. AS&K must make payments every 6 months, beginning June 30, 2018. The note will be fully paid at maturity on December 31, 2020. AS&K prepares annual financial statements. Prepare the amortization table for this note along with any necessary journal entries. Also prepare the t-account for the notes payable account. SOLUTION: We first compute the semiannual payment. N IVY 6 4.00% 250,000 PV PMT FV Excel Formula Given Solve for PMT 47690) PMT0.04,6.250000.0