A debt of is due in five years' time. The creditor gives permission to discharge the debt by receiving a payment of immediately and a final payment of in seven years' time. The interest rate charged on all amounts is % per year, compounded monthly. You can indicate the amounts on the following timeline to assist you in visualising the problem:

The payment, to the nearest rand, which should be made at the end of the seventh year in order to liquidate the debt, is