## Minimum yearly repayment

\[
\begin{aligned}
\text{MYR}
&=\frac{\$50{,}000\times 0.0877}{1-(1+0.0877)^{-7}}\\
&=\frac{\$4{,}385}{1-(1.0877)^{-7}}\\
&\approx \$9{,}857.98487
\end{aligned}
\]

**Minimum yearly repayment for the first year: \(\boxed{\$9,857.98}\)**

**Controlling authority:** Subsections 109E(5)–(6) of the *Income Tax Assessment Act 1936* (Cth); in particular, subsection 109E(6) prescribes the minimum-yearly-repayment calculation.