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Representative Example for Hire Purchase (HP): Cash price £11,783.00, Annual Interest Rate (fixed) 4.65% p.a., with a representative 8.9% APR, total amount of credit £10,605.00, deposit of £1,178.00, an initial payment of £217.87, followed by 58 monthly payments of £217.87 with a final payment of £218.87, total amount payable is £14,251.20
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