Use: basic school work
Peripherals required none
Operating System required: yes
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A nice fast little machine perfect for your use case
Later on you can easily slap a 750 ti in here, overclock the CPU a little and turn it into a humble gaming machine.
You can save money by getting a HDD instead of the SSD, but this should be a solid little build. Not too flashy, but it'll work great for general usage. It comes in a nice and small case so it won't take up much room