First convert the hexadecimal number into binary.
$A_{16}=1010_2$ and $7_{16}=0111_2$.
So, $A7_{16}=10100111_2$.
Since this is an $8$-bit $2$’s complement number and the MSB is $1$, the number is negative.
To find its magnitude, take the $2$’s complement of $10100111$.
First invert all bits:
$10100111 \rightarrow 01011000$
Now add $1$:
$01011000+1=01011001$
Now convert $01011001_2$ into decimal:
$01011001_2=64+16+8+1=89$
So, the magnitude is $89$.
Since the original number was negative, the decimal value is $-89$.
Final Answer: $\boxed{-89}$