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Representative Example for Hire Purchase (HP): Cash price £12,700.00, Annual Interest Rate (fixed) 5.72% p.a., with a representative 10.9% APR, total amount of credit £12,700.00, deposit of £0.00, an initial payment of £272.50, followed by 58 monthly payments of £272.50 with a final payment of £282.50, total amount payable is £16,360.00
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