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Representative Example for Hire Purchase (HP): Cash price £9,715.00, Annual Interest Rate (fixed) 7.34% p.a., with a representative 13.9% APR, total amount of credit £9,715.00, deposit of £0.00, an initial payment of £221.70, followed by 58 monthly payments of £221.70 with a final payment of £231.70, total amount payable is £13,312.00
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