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++ Programming: From Problem Analysis to Program Design
8th Edition
ISBN:9781337102087
Author:D. S. Malik
Publisher:D. S. Malik
Chapter5: Control Structures Ii (repetition)
Section: Chapter Questions
Problem 20PE: When you borrow money to buy a house, a car, or for some other purpose, you repay the loan by making...
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