On January 1, 2013, ABC Inc. sold services to a customer in exchange for a $200,000, 10%, note receivable, with the principal due at the end of 5 years and interest paid quarterly. The customers normal borrowing rate is 8%.

Determine interest revenue reported on the income statement for this note for the period ended December 31, 2015.

Can someone explain how to get the PMT of 5000? I don't understand that