Magento : Special Price

How to get Special Price in Magento : This is very common issues when we are trying to fetch the special price in magento

so here is the simple snippet in the Magento.Which will get the final price

$Product = Mage::getModel('catalog/product');
$Product->load($product->getId());
$finalPrice = Mage::helper('core')->currency($Product->getFinalPrice(); 
echo $finalPrice;