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Minimum yearly repayment (first year): **$9,858.00**  
Controlling authority: **Australian Taxation Office (ATO)** (administering Division 7A of Part III of the *Income Tax Assessment Act 1936*)

*Working*  
P = 50,000, r = 0.0877, n = 7  
(1 + r)^7 = 1.0877^7 ≈ 1.80120804  
(1 + r)^−7 ≈ 0.55518348  
MYR = 50,000 × 0.0877 / (1 − 0.55518348) = 4,385 / 0.44481652 ≈ 9,857.99718  
Rounded to nearest cent: $9,858.00