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Representative Example for Hire Purchase (HP): Cash price £23,579.00, Annual Interest Rate (fixed) 5.78% p.a., with a representative 11% APR, total amount of credit £21,222.00, deposit of £2,357.00, an initial payment of £455.92, followed by 58 monthly payments of £455.92 with a final payment of £455.92, total amount payable is £29,712.20
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