A newly issued 20-year-maturity, zero-coupon bond is issued with a yield to maturity of 7.5% and face value $1,000.

Required:

Find the imputed interest income in the first, second, and last years of the bond's life. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

First year= $17.66 correct

Second year= $18.98 correct

Third year= 20.4 incorrect

Please answer the third year with work