Current Attempt in Progress

The government lent $$180,000$ to Marigold Industries, who signed a $5-$year, zero$-$interest note dated January $1,2024$ to help

finance the construction of a building. The market rate of interest is $4\%$ and the effective interest method of amortization is used.

The loan will be forgiven if Marigold provides employment for a specified number of individuals for a specified period of time. If

these conditions are not met, the amount is due to the government in full in five years. Marigold believes it will be able to meet

the conditions.