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In this tutorial, the speaker shows how to create an amortization table in Excel from scratch. They start with an amount borrowed of $100,000 to be paid back over 30 years, converted to monthly periods. The interest rate is 13% annually, adjusted to a monthly rate. The payment calculation is done using the PMT function in Excel, taking into account the rate, number of periods, present value, future value, and closing parentheses to obtain the monthly payment amount.