Problem $7-37($LO $7-1)($Static$)$

At the beginning of her current tax year, Angela purchased a zero$-$coupon corporate bond at original issue for $$30,000$ with a yield to maturity of $6$ percent.

Given that she will not actually receive any interest payments until the bond matures in $10$ years, how much interest income will she report this year assuming semiannual compounding of interest?

Interest income reported