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In this tutorial, we will be creating an amortization table in Excel from scratch. We start with a borrowed amount of $100,000 for a 30-year period, to be calculated monthly using 360 periods. The interest rate is set at 13% annually but converted to monthly by dividing by 12. The payment is calculated using the PMT function in Excel with the rate, period, present value, future value, and type of payment specified. This will give us the monthly payment amount for the loan.