You take out a 10-year loan of $22,000 at an annual effective rate of 6%. You make payments annually with the first payment one year after you receive the funds. Exactly three years after the first payment the bank informs you that they have changed the rate on your loan. After the payment due on that date you will be expected to pay the revised amount. If the new rate is 7% annual effective, what is your new annual payment? Select one O A. $2,633 OB. $2,727 O C. $2,989 O D. $3,084