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Representative Example for Hire Purchase (HP): Cash price £5,499.00, Annual Interest Rate (fixed) 6.72% p.a., with a representative 12.9% APR, total amount of credit £4,950.00, deposit of £549.00, an initial payment of £130.83, followed by 46 monthly payments of £130.83 with a final payment of £130.83, total amount payable is £6,828.84