How might governments or companies go about encouraging the creation of innovation hubs in a specific region?
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Note: See complete question attached as picture below
Effective annual interest rate = (1+r/n)^n - 1
1. APR = 10.20%
Compounded time (n) = 4
Effective annual interest rate = (1 +0.1020/4)^4 -1
Effective annual interest rate = 10.60%
2. APR = 18.00%
Compounded time (n) = 12
Effective annual interest rate = (1 + 0.18/12)^12 - 1
Effective annual interest rate = 19.56%
3. APR = 13.50%
Compounded time (n) = 365
Effective annual interest rate = (1 + 0.1350/365)^365 - 1
Effective annual interest rate = 14.45%
4. APR = 9.50%
Compounded time (n) = 2
Effective annual interest rate = (1 + 0.095/2)^2 - 1
Effective annual interest rate = 9.73%