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A year ago, you invested $ 1 0 , 0 0 0 in a savings account that pays an annual interest rate of 5 %

A year ago, you invested $10,000 in a savings account that pays an annual interest rate of 5%. What is your approximate annual real rate of return if the rate of inflation was 1.5% over the year?
Multiple Choice
3.5%
10%
7%
4%
None of the options are correct.
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