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Use the definition of big-O to prove that
Explicit Costs
Direct, out-of-pocket payments for expenses such as wages, rent, and materials, which are easily quantifiable.
Accountants
Professionals who manage financial records, conduct audits, and ensure tax compliance, playing a pivotal role in financial planning and analysis.
Accounting Profit
The difference between total monetary revenue and total monetary costs, and is calculated by subtracting explicit costs from total revenue.
Interest Rate
The percentage of a loan amount charged to the borrower or paid to an investor, serving as the cost of borrowing or the return on investment.
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