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Representative Example for Hire Purchase (HP): Cash price £23,969.00, Annual Interest Rate (fixed) 5.78% p.a., with a representative 11% APR, total amount of credit £21,573.00, deposit of £2,396.00, an initial payment of £463.46, followed by 58 monthly payments of £463.46 with a final payment of £463.46, total amount payable is £30,203.60
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