please solve this problem without using excel and show all steps.

John borrows X for 12 years at an annual effective interest rate of 7%, to be repaid with payments at the end of each year. The amount of the first payment is 2,140. In each subsequent year, the payment amount is increased by g% over the payment amount during the previous year, where g is a positive integer between 6 and 10. The outstanding loan balance at the end of the 5th year is 19,635.72 Calculate the principal repaid in the second payment. A. $560 B. $582 C. $600 D. $630 E. $642 John borrows X for 12 years at an annual effective interest rate of 7%, to be repaid with payments at the end of each year. The amount of the first payment is 2,140. In each subsequent year, the payment amount is increased by g% over the payment amount during the previous year, where g is a positive integer between 6 and 10. The outstanding loan balance at the end of the 5th year is 19,635.72 Calculate the principal repaid in the second payment. A. $560 B. $582 C. $600 D. $630 E. $642