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19 September, 12:01

5. Assume you have just started a new job, have a car loan, and have a student loan. You have just received a cash gift of $1,000 from a relative, which of the following is the best use of this money?

Deposit into a 529 savings account for college

Deposit into an unfunded emergency fund

Deposit into a CD earning 2% interest

Invest for your retirement in an IRA

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  1. 19 September, 13:50
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    The best use for that money would be A. Deposit into a 529 savings account for college.
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