Question 24 (1 point) Assume that last year, the nominal interest rate earned was 9.8 percent while the inflation rate was 1.4 percent. What was the real interest rate last year? (Use the exact relationship for the real interest rate) O 1) 7.52 percent 2) 9.37 percent 03) 8.76 percent O 4) 8.28 percent 5) 10.69 percent