\[
\text{MYR}=\frac{50{,}000\times0.0877}{1-(1+0.0877)^{-7}}
=\frac{4{,}385}{1-(1.0877)^{-7}}
=\$9{,}857.98
\]

**Minimum yearly repayment for the first year: $9,857.98**

**Controlling authority:** Section 109E of the *Income Tax Assessment Act 1936* (Cth).