(Peter Minuit Problem) Legend has it that, in 1626, Peter Minuit purchased Manhattan Islan...

(Peter Minuit Problem) Legend has it that, in 1626, Peter Minuit purchased Manhattan Island for $24.00 in barter. Did he make a good investment? To answer this question, modify the compound interest program of Fig. to begin with a principal of $24.00 and to calculate the amount of interest on deposit if that money had been kept on deposit until this year (e.g., 387 years through 2013). Place the for loop that performs the compound interest calculation in an outer for loop that varies the interest rate from 5% to 10% to observe the wonders of compound interest.

Fig. Compound interest calculations with for. (Part 1 of 2.)

Fig. Compound interest calculations with for. (Part 2 of 2.)