The inflation rate over the past year was 3.7 percent. If an investment had a real return of 9.2 percent, what was the nominal return on the investment?

The nominal return on the investment is 13.2404%

Explanation:

The computation of the nominal return on the investment is shown below:

As we know that

nominal return = (1 + real rate) × (1 + inflation rate) - 1

= [(1  +0.092) × (1 + 0.037)] - 1

= (1.037 × 1.092) - 1  

= 13.2404%

Hence, the nominal return on the investment is 13.2404%

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

answer; /// i do believe the correct answer is (possession utility);

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%