Please answer using java

I am still taking java 1 and didnt take (for loops) yet

Please solve as simple as possible

webapps/assessment/take/launch jsp?course assessment id _7065,18course id 25054 18ccontent ide 1813 CS 1201 CS 101 . Mc Blackboard Learn It is difficult to make a budget that spans several years, because prices are not stable. If your company needs 200 pencils per year, you cannot simply use this year's price as the cost of pencils two years from now Because of inflation, the cost is likely to be higher than it is today. Write a program to display the expected cost of an item in a specified number of years. The program asks for the cost of the item, the number of years from now that the item will be purchased, and the rate of inflation. The program then outputs the estimated cost of the item after the specified period. Have the user enter the inflation rate as a percentage, such as 5.6 (percent). Your program should then convert the percent to a fraction, such as 0.056, and should use a loop to estimate the price adjusted for inflation This is an example of the execution of the program Please enter the cost of the item: 50 Please enter number of years from now that the item will be purchased: 4 Flease enter the rate of inflation: 5.6 The estimated price is: 62.18 Save All Answers Save an