On December 30, Chang Co. sold a machine to Door Co. in exchange for a noninterest-bearing note requiring 10 annual payments of $10,000. Door made the first payment on December 30. The market interest rate for similar notes at date of issuance was 8%. Information on present value factors is as follows:

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.

The answer is an output contract

Answer( optimism );