Seema is heading into her junior year of high school and received a large financial gift from her grandmother. She kind of wants to buy some new clothes, but she has a financial goal of saving for her college education, but she also wants to be able to buy a used car to get her to and from campus. What should Seema do with the money she's received?

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23-03-2022
Business

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Seema is heading into her junior year of high school and received a large financial gift from her grandmother. She kind of wants to buy some new clothes, but she has a financial goal of saving for her college education, but she also wants to be able to buy a used car to get her to and from campus. What should Seema do with the money she's received?

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2022-03-30T11:46:07+02:00

Based on the given information Seema should deposit the money into a savings account.

What is savings account?

A savings account is an account that allow a person to save while you earn an interest on the saved amount.

Since she has a financial goal of saving for her college education the best choice is for her to open a saving account and deposit the money given to her by her grandmother into the saving account as this will help her to achieve her set goal.

Inconclusion Seema should deposit the money into a savings account.

Learn more about savings account here:https://brainly.com/question/25787382