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Representative Example for Hire Purchase (HP): Cash price £5,500.00, Annual Interest Rate (fixed) 5.16% p.a., with a representative 9.9% APR, total amount of credit £4,950.00, deposit of £550.00, an initial payment of £104.11, followed by 58 monthly payments of £104.11 with a final payment of £114.11, total amount payable is £6,806.60
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