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Phillippe invested $ 1 , 0 0 0 ten years ago and expected to have $ 1 , 8 0 0 today. He has not

Phillippe invested $

1, 000

ten years ago and expected to have $

1, 800

today. He has not

added or withdrawn any money from this account since his initial investment. All interest

was reinvested in the account. As it turns out, he only has $

1, 680

in his account today.

Which one of the following must be true?

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