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Representative Example for Hire Purchase (HP): Cash price £5,750.00, Annual Interest Rate (fixed) 7.88% p.a., with a representative 14.9% APR, total amount of credit £5,750.00, deposit of £1,150.00, an initial payment of £133.59, followed by 58 monthly payments of £133.59 with a final payment of £143.59, total amount payable is £9,175.40
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