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Representative Example for Hire Purchase (HP): Cash price £24,500.00, Annual Interest Rate (fixed) 10.9% p.a., with a representative 10.9% APR, total amount of credit £22,050.00, deposit of £2,450.00, an initial payment of £472.79, followed by 58 monthly payments of £472.79 with a final payment of £482.79, total amount payable is £30,827.40
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