Java First, launch NetBeans and close any previous projects that may be open (at

Question

Java

First, launch NetBeans and close any previous projects that may be open (at the top menu go to File ==> Close All Projects).

Then create a new Java application called "Mogul" (without the quotation marks) that will compute the profitability of a real estate investment over a 1-year period.

Request the following values from the user at the command line:

Cost of the property (assume that it is in dollars)

The inflation rate (e.g., 0.05 for an inflation rate of 5%)

Property appreciation rate (e.g., 0.10 for an appreciation rate of 10%)

Your program should output: "Your investment's net profit is $X." Where $X is the net profit.

Net profit for one year is calculated as: Net profit = (Value of property * Rate of appreciation) - (Value of property * Rate of inflation).

package mogul;

import java.util.Scanner;

public class Mogul {

    public static void main(String[] args) {
        System.out.println("Enter the property value");
        Scanner scanner= new Scanner (System.in);
            double propertyCost=scanner.nextDouble();
            double inflationRate=0.05;
            double apperciationRate=0.10;
            double netProfit;
        netProfit = (propertyCost * apperciationRate) - (propertyCost * inflationRate);
          
    }

i dont know what to do next

Help

Please and thank you

Explanation / Answer

There are some modifications required in your as to shape it as is directed in the question.

Source Code-

package mogul;

import java.util.Scanner;

class Mogul {

public static void main(String[] args) {

Scanner scanner=new Scanner(System.in);

System.out.println("Enter the property value");

double propertyCost=scanner.nextDouble();

System.out.println("Enter the inflation Rate Percentage");

double inflationRate=scanner.nextDouble(); //It also asks you to enter inflation Rate and appreciation rate.

inflationRate=inflationRate/100;//converting to double value

System.out.println("Enter the Appreciation RatePercentage");

double appreciationRate=scanner.nextDouble();

appreciationRate= appreciationRate/100; //converting to decimal value

double netProfit = (propertyCost * appreciationRate) - (propertyCost * inflationRate);

System.out.println("Your investment's net profit is $"+netProfit); //printing in the reuquired format

}

}

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