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Find the critical point(s) of the function. Then use the second derivative test to classify the nature of each point, if possible. Finally, determine the relative extrema of the function.
Weekly Disbursements
Payments made by a business on a weekly basis, including operating expenses, supplier payments, and payroll.
Interest Rate
The amount of interest levied on a loan, represented typically as an annual percentage of the loan's remaining balance to the borrower.
Miller-Orr Model
Describes a cash management strategy aiming to maintain an optimal cash balance through upper and lower cash limit controls.
Opportunity Rate
The return rate a company foregoes by investing in a certain project, often compared to the risk-free rate or another investment option.
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