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Representative Example for Hire Purchase (HP): Cash price £10,987.00, Annual Interest Rate (fixed) 4.65% p.a., with a representative 8.9% APR, total amount of credit £9,889.00, deposit of £1,098.00, an initial payment of £203.16, followed by 58 monthly payments of £203.16 with a final payment of £204.16, total amount payable is £13,288.60
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