Shawn purchased a new car with the special 4.9% financing. if the car's price was $29,999 and he financed it for three years, find his monthly payment.

$898

The formula is A=P*(r(1+r)^n) / ((1+r)^n) -1)

A = the monthly payment.

P = the principal  (amount borrowed)

r = the interest rate

n = the total number of months

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation: