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Representative Example for Hire Purchase (HP): Cash price £3,895.00, Annual Interest Rate (fixed) 5.15% p.a., with a representative 9.9% APR, total amount of credit £3,895.00, deposit of £0.00, an initial payment of £81.97, followed by 58 monthly payments of £81.97 with a final payment of £91.97, total amount payable is £4,928.20
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