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Representative Example for Hire Purchase (HP): Cash price £12,850.00, Annual Interest Rate (fixed) 4.91% p.a., with a representative 9.4% APR, total amount of credit £12,850.00, deposit of £0.00, an initial payment of £266.74, followed by 58 monthly payments of £266.74 with a final payment of £276.74, total amount payable is £16,014.40
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