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Representative Example for Hire Purchase (HP): Cash price £8,613.00, Annual Interest Rate (fixed) 7.34% p.a., with a representative 13.9% APR, total amount of credit £8,613.00, deposit of £0.00, an initial payment of £196.58, followed by 58 monthly payments of £196.58 with a final payment of £206.58, total amount payable is £11,804.80
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