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Representative Example for Hire Purchase (HP): Cash price £12,750.00, Annual Interest Rate (fixed) 5.66% p.a., with a representative 10.9% APR, total amount of credit £12,113.00, deposit of £637.00, an initial payment of £309.49, followed by 46 monthly payments of £309.49 with a final payment of £309.49, total amount payable is £15,492.52
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