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A year ago, you invested $1,000 in a savings account that pays an annual interest rate of 9%. What is your approximate annual real rate

A year ago, you invested $1,000 in a savings account that pays an annual interest rate of 9%. What is your approximate annual real rate of return if the rate of inflation was 2% over the year? Multiple Choice 5% 10% 7% 3% None of the options are correct

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