Find the imputed interest income

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A newly issued 20-year maturity, zero-coupon bond is issued with a yield to maturity of 3.0% and face value $1,000. Find the imputed interest income in the first, second, and last year of the bond's life. Assume annual compounding. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)

Imputed Interest

First year $

Second year $

Last year $

Reference no: EM131521859

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