50 years ago, X amount of money was deposited at 5% interest rate (compounded yearly). Currently, there is Y amount of money in the account. Now, If we invest Y in a perpetual annuity we can get $24,000 at the end of each year, indefinitely. How much money was deposited originally (i. e., calculate X).

answer; someone must cover the cost associated with the provision of scarce goods in both sectors;

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.