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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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loganwatson11
The best use for that money would be A. Deposit into a 529 savings account for college.

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