Tim and janet were divorced in 2018. their only marital property was a personal residence with a value of $120,000 and cost of $50,000. under the terms of the divorce agreement, janet would receive the house and janet would pay tim $15,000 each year for 5 years, or until tim's death, whichever should occur first. tim and janet lived apart when the payments were made to tim. the divorce agreement did not contain the word "alimony".

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

His ballance should be $65