Write an application that computes a businesss potential profits each year for 20 years using the following
Question:
Write an application that computes a business’s potential profits each year for 20 years using the following assumptions: (1) Gross profit in the first year is projected to be $20,000. (2) Expenses in the first year are expected to be $35,000. (3) Net profit or loss is gross profit minus expenses. (4) Gross profits are expected to increase 10 percent each year. (5) Expenses are expected to increase 4 percent each year. Display the year, the gross profit, the expenses, and the net profit for each year. Also display the year in which a net profit is first reported. Save the file as WhenProfitable.java.
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