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In this quick tutorial, we explore Excel's autofill feature to efficiently update data in a payment schedule spreadsheet. The video demonstrates how to enter an extra payment amount, like $100, and automatically modify subsequent calculations. Instead of manually entering the $100 into each cell, viewers learn two quick methods for autofilling this data. One method involves using the small black box at the bottom right corner of the selected cell to drag and fill the desired amount into the following cells. This saves time and simplifies data entry for any Excel spreadsheet needing similar updates.