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A customer loyalty program for high-involvement products would take the form of .
Compounded Monthly
Interest calculation method where interest is added to the principal on a monthly basis.
Amortization Schedule
A detailed table of periodic loan payments, breaking down the amounts going towards principal and interest over the life of the loan.
Total Interest
The overall amount of interest paid on a loan or earned on an investment over a specific period.
Compounded Quarterly
A compound interest calculation where interest is added to the principal every three months.
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