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Representative Example for Hire Purchase (HP): Cash price £13,000.00, Annual Interest Rate (fixed) 11.9% p.a., with a representative 11.9% APR, total amount of credit £11,700.00, deposit of £1,300.00, an initial payment of £256.11, followed by 58 monthly payments of £256.11 with a final payment of £257.11, total amount payable is £16,667.60
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