A 20-year loan is being repaid with annual payments of 1000 at an annual effective rate of interest of 4%. The borrower pays an additional 3000 (early repayment) at the time of the 5 th payment (year-end) and wants to repay the remaining balance over 10 years. Calculate the revised annual payment. a. 920 b. 950 c. 1000 d. 1226 e. 1300