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Representative Example for Hire Purchase (HP): Cash price £5,795.00, Annual Interest Rate (fixed) 12.4% p.a., with a representative 12.4% APR, total amount of credit £5,216.00, deposit of £579.00, an initial payment of £115.35, followed by 58 monthly payments of £115.35 with a final payment of £116.35, total amount payable is £7,501.00
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