Cara bought an old car for her first year at university for R60 000. She obtained a bank loan bearing interest at 15,75% per year, compounded half-yearly. This debt must be discharged by means of the sinking fund method. The sinking fund earns 12,95% per year, compounded quarterly. The debt is to be discharged after five years. What is the total yearly cost to discharge the debt (to the nearest rand)?