12. (5 points) Al borrows 50,000 for 10 years at a 7.6% annual effective rate. For the first 3 years, he makes annual payments of only 3,000. What should be his level-annual pay- ments for the rest of 7 years? A. 9,876 B. 9,915 C. 9,963 D. 10,020 E. 10,088