Spending more now could help you save later. Every business tries to keep its expenses under control. But if your business is repaying a loan, it might actually make sense to send a little more money than required each month and eliminate the debt more quickly. You can use this calculator to see how you might shorten your repayment period and reduce the total amount of interest you pay your lender.
Speed up the repayment period and cut down your interest charges.
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Andrews Federal Credit Union is a full-service financial institution with stateside locations in Washington, D.C., a variety of Maryland counties including Prince Georges, St. Mary’s, Calvert and Charles, Northern Virginia and New Jersey, as well as overseas locations in the Netherlands, Belgium and Germany.