Answer:
29
Step-by-step explanation:
AB+BC=AC
12+17=29=AC
17 • 4 is the equation that represents the product
Use present value equation.
If present value of annuity equals 400,000, then you are indifferent.

where v = 1/(1+r) and A = annual payment = 800,000/20 = 40,000
PV = 400,000
After subbing in the numbers, the equation is:

Therefore at interest rate of about 7.75% you are indifferent.