A loan of $10,000 is being repaid by payments of P at the end of every year for ten years at a nominal rate of interest of 10% compounded quarterly. What is the amount of the annual payment?

A < $1,620

B $1,620 but < $1,630

C $1,630 but < $1,640

D $1,640 but < $1,650

E $1,650