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Representative Example for Hire Purchase (HP): Cash price £5,495.00, Annual Interest Rate (fixed) 12.4% p.a., with a representative 12.4% APR, total amount of credit £4,946.00, deposit of £549.00, an initial payment of £109.38, followed by 58 monthly payments of £109.38 with a final payment of £110.38, total amount payable is £7,112.80
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