(Practice) In 1627, Manhattan Island was sold to Dutch settlers for approximately $24. I...

(Practice) In 1627, Manhattan Island was sold to Dutch settlers for approximately $24. If the proceeds of that sale had been deposited in a Dutch bank paying 5% interest, compounded annually, what would the principal balance be at the end of 2012? The following display is required; xxxxxx is the amount calculated by the program:

a. For this programming problem, how many outputs are required?

b. How many inputs does this problem have?

c. Is the algorithm for converting the input items into output items provided?