$$A=\{\frac{n}{m}:m,n \in \mathbb{Z}^+, m>n\}$$
Now, I know that, as $n$ approaches $0$ from above and as $m$ approaches infinity, $\frac{n}{m}$ gets arbitrarily close to $0$, but my professor doesn't accept waffly terms like 'arbitrarily close' as we haven't rigourously defined such terms yet. So, how would I go about proving these two facts formally?
For every $x=\frac{n}{m} \in A$ we have $m>n$. Therefore $0<x<1$ for every $x \in A$. It follows that $\inf A\ge 0$ and $\sup A \le 1$.
Let $\varepsilon>0$ be sufficiently small. For every $\frac{n}{m} \in A$ we have $$ \frac{n}{m} \ge \frac{1}{m} \in A. $$ Since $\lim_{m \to \infty}\frac{1}{m}=0$, there is an $m_0=m_0(\varepsilon)\in \mathbb{N}$ such that $$ A\ni \frac{1}{m}< \varepsilon \quad \forall m >m_0 $$ Thus $\inf A=0$.
Notice that $m>n$ for every $\frac{n}{m} \in A$. Therefore $m \ge n+1$ (because $m,n \in \mathbb{N}$), and so we have $$ \frac{n}{m}\le \frac{n}{n+1} \quad \forall \frac{n}{m}\in A. $$ But $\lim_{n\to \infty}\frac{n}{n+1}=1$, i.e. there is some $n_0=n_0(\varepsilon) \in \mathbb{N}$ such that $$ -\varepsilon\le \frac{n}{n+1}-1 \le \varepsilon \quad \forall n >n_0, $$ in particular we have $$ A\ni \frac{n}{n+1}\ge 1-\varepsilon \quad \forall n >n_0. $$ Hence $\sup A=1$.