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Representative Example for Hire Purchase (HP): Cash price £4,500.00, Annual Interest Rate (fixed) 7.36% p.a., with a representative 13.9% APR, total amount of credit £4,050.00, deposit of £450.00, an initial payment of £92.33, followed by 58 monthly payments of £92.33 with a final payment of £92.33, total amount payable is £5,989.80
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