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In this tutorial, we learn how to create an amortization table in Excel from scratch. Start with the amount borrowed, which is $100,000 for 30 years. To calculate monthly payments, multiply the years by 12. A 13% annual rate is divided by 12 for monthly calculation. Use the PMT function in Excel with the rate, period, present value (negative), future value of zero, and close the parentheses to find the monthly payment.