Consider the following programming problem: In 1627, Manhattan Island was sold to Dutch settlers for $24. If the proceeds of this sale had been deposited in a Dutch bank paying 5% interest, compounded annually, what would the principal balance be at the end of 2002? The following display is required: "Balance as of December 31, 2002 Is: XXXXX"; XXx is the amount calculated by your program. a. For this programming problem, how many outputs are required? b. How many inputs does this problem have? c. Determine a formula for converting input items into output items.

Consider the following programming problem: In 1627, Manhattan Island was sold to Dutch settlers for $24. If the proceeds of this sale had been deposited in a Dutch bank paying 5% interest, compounded annually, what would the principal balance be at the end of 2002? The following display is required: "Balance as of December 31, 2002 Is: XXXXX"; XXx is the amount calculated by your program. a. For this programming problem, how many outputs are required? b. How many inputs does this problem have? c. Determine a formula for converting input items into output items.

C++ for Engineers and Scientists

4th Edition

ISBN:9781133187844

Author:Bronson, Gary J.

Publisher:Bronson, Gary J.

Chapter1: Fundamentals Of C++ Programming

Section1.3: Preliminary Three: Software Development

Problem 6E

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