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java programming James earns a salary of $50,000/lyear He expects to get a 5% raise at the end of this year. 4.9% raise at the
java programming
James earns a salary of $50,000/lyear He expects to get a 5% raise at the end of this year. 4.9% raise at the end of the second year, etc with a 0.1% reduction in his raise each year. Create a method called calculateRaise with parameters of the current salary (double) and the raise percent (double), which returns the new salary (double) Salary $50,000.00 5.00% $52,500.00 4.90% $55,072.50 4.80% $57,715.98 4.70% $60,428.63 4.60% $63,208.35 4.50% $66,052.72 4.40% $68,959.04 4.30% $71,924.28 4.20% $ 74,945.10 4.10% $78,017.85 Raise NOW Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Using a loop in the main method that calls the calculateRaise method, calculate James' salary at the end of each year for ten years. Use print formatting for the data to line up as shown. Match the output shown to the right >Step by Step Solution
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