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Representative Example for Hire Purchase (HP): Cash price £18,400.00, Annual Interest Rate (fixed) 5.39% p.a., with a representative 10.4% APR, total amount of credit £16,560.00, deposit of £1,840.00, an initial payment of £419.38, followed by 46 monthly payments of £419.38 with a final payment of £429.38, total amount payable is £21,980.24
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