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In this tutorial, the speaker demonstrates how to create an amortization table in Excel from scratch. They start with a borrowed amount of $100,000, with 360 periods for a 30-year loan. The interest rate is 13% annually, converted to a monthly rate. The payment is calculated using the PMT function in Excel by inputting the rate, period, present value, future value, and closing parentheses. This process results in the monthly payment amount for the loan.