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Mike has the following monthly information: Salary $4,000 Rent 1,800 700 Car payment Investment Income 200 Meals 900 Groceries 700 Student Loan Payment 400

 

Mike has the following monthly information: Salary $4,000 Rent 1,800 700 Car payment Investment Income 200 Meals 900 Groceries 700 Student Loan Payment 400 Other Expenses 600 1. What is Mike's monthly surplus or deficit? 2.Does the answer from #1 increase or decrease his net worth each month? Why?

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