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In this tutorial, the speaker demonstrates how to create an amortization table in Excel from scratch. They start with borrowing $100,000 for 30 years, calculated monthly (360 periods). The interest rate is 13% annually, divided by 12 for monthly calculations. To find the payment, they use the PMT function in Excel with the rate, period, present value, future value, and type specified. The resulting payment amount is then calculated accordingly.